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 PUSHBACK OVER ACADEMIC RECORDS IS SUSPICIOUS- ATIKU’S US LAWYER.(PHOTO).

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Tinubu’s pushback over academic records is suspicious – Atiku’s US lawyer

Counsel to ex-Vice President Atiku Abubakar, Angela Liu, has pointed out that the “vigorous opposition” by President Bola Tinubu over his academic records is suspicious.

A US court had dismissed a suit seeking Tinubu’s academic records after Atiku withdrew the case.

An aide to the candidate of the Peoples Democratic Party (PDP), Phrank Shaibu, noted that his principal withdrew the suit in order to avoid abuse of court processes.

However, in a statement on Wednesday, Liu said Tinubu should be eager to clear the controversy surrounding his academic records at the American institution.

“Mr Tinubu should have been keen to clear up any inconsistencies in his academic achievements and set the records straight by allowing the expedition of the legal process,” she said.

“If there is an explanation for the discrepancies we have identified, we would think that Mr Tinubu would be eager to provide it.

“If you would like to provide an explanation to us, we are happy to consider it. That might preclude the need for, or at least expedite the deposition.

“In candour, the vehemence of Mr Tinubu’s opposition to this discovery is increasing rather than mitigating our suspicions.”


 

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