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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NATIVES FEARED DEAD AS ILLEGAL FUEL DUMP EXPLODES IN RIVERS. (PHOTO).

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Natives feared dead as illegal fuel dump explodes in Rivers

An unspecified number of people has been reported dead following an explosion that occurred at an illegal fuel dump in Okari Jetty in Okirika Local Government Area in Rivers State.

It was gathered there had been efforts by some influential persons to suppress the incident that occurred on Monday night, July 31st.

Though some sources said 16 persons were feared dead during the incident, others said only two fishermen lost their lives in the process.

An activist, who spoke in confidence, explained that some residents came out to scoop fuel from a barge discharging fuel at a depot owned by the Port Harcourt refinery.

The source said: “During the process, the hose connected to the refinery depot pulled out of the barge while transporting the fuel. The people rushed with their Jerry cans and scooped fuel.

“Some of them later stored the fuel in gallons close to the jetty. Two fishermen, unknown to them that gallons of fuel were dumped there came out in the night to catch fish with their lanterns. The heat from the lantern caused the explosion. The two died.”

The Public Relations Officer (PRO) of the Nigeria Security and Civil Defence Corps (NSCDC) Olufemi Ayodeji, refused to answer his telephone calls.

 

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