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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FORMER AVIATION MINISTER SIRIKA LAND IN DSS CUSTODY OVER NIGERIA AIR LAUNCH. (PHOTO).

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 Former Aviation Minister Sirika Land in DSS Custody Over Nigeria Air Launch

Former aviation minister Hadi Sirika has reportedly landed in the custody of the Department of State Services (DSS) over the recent “launch” of Nigeria Air.

The questioning comes after the acting managing director of Nigeria Air, Captain Dapo Olumide, revealed that the plane that was unveiled as Nigeria Air was a chartered aircraft from Ethiopian Airlines.

Olumide told the Senate Committee on Aviation that the aircraft was used to unveil the Nigeria Air logo but that it was not yet operational.

The “launch” of Nigeria Air was widely criticised as a scam.



 

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