INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

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  Indian billionaire Gautam Adani charged in US for alleged bribery, fraud Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world’s richest people, whose business empire extends from ports and airports to renewable energy,has been indicted in New York over an alleged multibillion-dollar fraud scheme, United States prosecutors have said. The authorities on Wednesday charged Adani and two other executives at Adani Green Energy, his nephew Sagar Adani and Vneet Jaain, with agreeing between 2020 and 2024 to pay more than $250m in bribes to Indian government officials to obtain solar energy supply contracts expected to yield $2bn in profits. Prosecutors said the renewable energy company also raised more than $3bn in loans and bonds during this period based on false and misleading statements. Shares of Adani Enterprises, the group's flagship firm, closed down 22% on Thursday. Other group firms also closed in the red. Adani Green Energy, which is the firm at the c
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'THE SHARKS ARE AROUND' - GOV. FUBARA HINTS ON WIKE'S DEFECTION TO APC.(PHOTO).

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'THE SHARKS ARE AROUND' - GOV. FUBARA HINTS ON WIKE'S DEFECTION TO APC


19th June, 2023

The Governor of Rivers State, Siminalayi Fubara has pleaded with his predecessor, Nyesom Wike not to stay away from him even if he crosses over to the other side of the political divide.

Fubara said this during a thanksgiving reception for Wike on Sunday at his private residence on Ada-George Road.

“While we are seeing signs that it’s like you want to go over to the other side with everybody wishing that, please don’t be too far from me because I know that the sharks, the tigers are really around looking for what to hurt.

“So, being around would continue to guide and put my head straight for the purpose of this state,” Fubara said.

His appeal comes amid rumours that Wike could dump the Peoples Democratic Party (PDP) for the ruling All Progressives Congress (APC).

Wike chose to support APC’s Bola Tinubu, who was eventually announced winner of the 2023 presidential election instead of his party’s presidential candidate, Atiku Abubakar.

Credit: daily post


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