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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NIGERIAN ARMY ARRESTS THREE SUSPECTED RAIL TRACK VANDALS IN NASARAWA.(PHOTO).

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Nigerian Army arrests three suspected rail track vandals in Nasarawa


Troops from 4 Special Forces of the Nigerian Army Doma, Nasarawa State, have arrested three suspects for rail track vandalism at the Kwarra community in Keana Local Government Area of the state. 


The Acting Deputy Director, Army Public Relations, 4 Special Forces Command, Doma, Maj. Joseph Afolasade, made the disclosure at a news briefing in Doma on Monday, August 14, 2023. 


“On Aug. 5, 2023, at about 11pm, troops of the command intercepted three suspected railtrack vandals during a routine patrol at Kwarra community of Keana LGA,” he stated. 


“The suspects were arrested with a large quantity of railtracks loaded in one 18-tire truck with Registration Number DED 364 YC.”


He said that the suspects claimed that they were deceived by their sponsors, who are still on the run.


Mr. Afolasade said that preliminary investigations revealed that on Aug. 23, the driver of the truck, Chibuki Akubilo, was contacted to convey the vandalised railtracks to Ilorin in Kwara for N1.6 million.


He further said that the Commander of the Special Forces, Maj.-Gen. Hillary Nzan, had approved that the suspects be handed over to the Nigeria Security and Civil Defence Corps, NSCDC, for further investigation and prosecution. 


He, therefore, handed over the suspects to the representative of the state command of NSCDC.


Responding, the NSCDC Public Relations Officer, Jerry Victor, expressed gratitude to the Army for collaborating with the corps to tackle insecurity in the state.


“Usually, this type of crime is being committed by a syndicate,” Mr. Victor said.


He promised that the investigation would be continued to arrest other members of the group for prosecution.


The driver of the truck told newsmen that he was contacted by one Mr Charles to convey the items to Ilorin.
 

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