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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TINUBU'S MINISTERIAL LIST NOT YET READY- DELE ALAKE. (PHOTO).

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Tinubu's ministerial list not yet ready – Alake 

The presidency has said that President Bola Tinubu‘s ministerial list is not ready.

The Special Adviser to the President on Special Duties, Communications and Strategy, Dele Alake who addressed journalists on Thursday, July 6, asked Nigerians to disregard rumours surrounding the awaited ministerial list.

Alake said; 

“About the ministerial list, there is no iota of truth in all of those things,” Alake said. “When the President is good and ready, you will be the first to know about his intentions.

“I can tell you all of those things you’ve been reading in the media are mere fabrications. This is an executive presidency; we’re not running a parliamentary system. So the President, the bucks stops on his table, and he decides when it’s fit and proper for him to make his cabinet list.”


 

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