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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GOV. FUBARA RAISES ALARM OVER POSSIBLE EMERGENCE OF MILITIAMEN IN RIVERS. (PHOTO).

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Fubara raises alarm over possible emergence of militiamen in Rivers

18th Jul 2023 

The Rivers State Governor, Siminalayi Fubara, has raised the alarm over the possible emergence of militiamen in Degema Local Government Area (LGA).

Fubara spoke on Tuesday when senior officers led by the new General Officer Commanding, Six Division of the Nigerian Army, Maj. Gen. Jamal Abdussalam, visited him at the Government House in Port Harcourt.

According to him, the looming threat is due to some men occupying what seems to be an abandoned military base in the locality.

The governor described the public appearance of the men with firearms as embarrassing and an insult to the state and federal governments.

He challenged the GOC to investigate and tackle the security threat without any delay.

Fubara further tasked the Army to strengthen their operations in the outskirts of the state, especially in areas where they have operational bases and where the government is carrying out infrastructural projects, to guarantee the safety of workers.

He promised to continue supporting the operations of the Army in Rivers State.

Earlier, the new GOC assured the governor of the Six Division’s determination to provide security in the state and ensure the safety of the contractors handling the Port Harcourt Ring Road project, following the scope of their work. 
•Governor Siminalayi Fubara

 

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