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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APC WILL TAKE OVER RIVERS, GANDUJE WARNS PDP.(PHOTO).

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APC will take over Rivers, Ganduje warns PDP

The National Chairman of the ruling All Progressives Congress (APC) Dr. Abdullahi Umar Ganduje has warned the Peoples Democratic Party (PDP) it is set to take over oil-rich Rivers State. 
Ganduje gave the warning when he hosted the leadership of Senator Magnus Abe’s group in his office at the National Secretariat of the party in Abuja.

Forewarning the ruling party in the State of the impending doom, the former Kano Governor said that with the agreement of the three major blocks of the APC in the State coming together, the ruling party in the State would soon be on the way out.

According to the APC chairman: “We have now come to the end of the problem in APC Rivers State, as the three major blocks have now come to work together to build APC that we know in Rivers state.

“The there blocks are the APC members that have been there despite all that happened. The second is the group of those who broke away from APC for one reason or the other and have decided to come back to the fold. That block is very strong and that shows hope and the third block is the block coming from the PDP. This is from the wind that we have seen so far.”

The leader of the delegation, Senator Wilson Ake, expressed confidence in the ability of the party’s National Chairman to rejig the party, particularly in Rivers state which he said had faced many challenges leading to disaffections and seeming disintegration.

Ake assured the party leadership of the group’s readiness to support every effort to rebuild the party.

He noted that the Magnus Abe group worked for President Bola Ahmed Tinubu’s success and was desirous of a stronger and better APC under the leadership of the National leader and the chairman.

The delegation had former members of the National Assembly, former commissioners, former state assembly members, council chairmen and some aspirants who worked with Senator Magnus Abe.

Those on the Ake-led delegation include Barrister Worgu Boms, Hon. Ben Chioma, Hon. Augustine Wokocha, and Hon. Morris Pronen. Dr Ipalibo Harry, Hon. Kadilo Kabari, Hon. Dagogo Green, Hon Fred Ateng, Hon Kingsley Igbanichuka and Hon Willie Fubara Pepple.

 

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