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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SUBSIDY: APAPA-LED FACTION OF LP REJECTS NLC PLANNED PROTESR AGAINST TINUBU GOVT.(PHOTO).

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Subsidy: Apapa-led faction of LP rejects NLC planned protest against Tinubu govt

The Labour Party (LP) has rejected a planned nationwide protest by the Nigeria Labour Congress (NLC) in demonstration against the removal of fuel subsidy by President Bola Tinubu.

The party also called for the immediate dismissal and prosecution of Melee Kyari, Managing Director of Nigeria National Petroleum Corporation Limited (NNPCL).

Addressing newsmen in Abeokuta on Thursday, Abayomi Arabambi, the National Publicity Secretary of the LP faction led by Lamidi Apapa, said the NLC can go ahead with a strike and ask workers to stay away from work until their demands are met.



 

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