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

TRIBUNAL SACKS LABOUR PARTY CANDIDATE FOR NON-MEMBERSHIP. (PHOTO).




  Tribunal Sacks Labour Party Candidate For Non-membership.


... Declares PDP Candidate Winner Of The Election.


...Says Labour Candidate Breaches Section 77(2)(3).


News in details:


The National Assembly Election Petition Tribunal sitting in Asaba, Delta State, has nullified the election of Mr. Ngozi Okolie of the Labour Party as member representing Aniocha/Oshimili Constituency at the House of Representatives.


The tribunal in a judgement on Monday, held that Okolie was not duly sponsored by the Labour Party as he was not a member of the party as at May 28, 2022 when the primary purportedly held.


The tribunal declared the runner up in the February 25, 2023 National Assembly, Ndudi Elumelu of the People’s Democratic Party (PDP), as winner.


Elumelu who is the immediate past Minority Leader of the House of Representatives, had filed his petition, praying the tribunal to disqualify Okolie who was declared winner of the election by the Independent National Electoral Commission (INEC).

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