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

GO AND REST, ALLOW YOUNG NIGERIANS TO LEAD PDP, OLAYINKA TELLS ATIKU. (PHOTO).



Go And Rest, Allow Young Nigerians To Lead PDP, Olayinka Tells Atiku

Lere Olayinka, a chieftain of the Peoples Democratic Party (PDP) and former aide to ex-Ekiti Governor, Ayodele Fayose, has asked the party's 2023 presidential candidate, Atiku Abubakar, to go and rest, stressing that it is time for younger Nigerians to lead the party.

Olayinka, who was the PDP House of Representatives candidate for Ekiti Central Federal Constituency II in the 2023 National Assembly election, said the PDP should blame itself for losing the presidential election.

He said this while speaking on a Television Continental (TVC) program on Thursday and Silverbird Television programme, NewsHub on Friday morning, on the Presidential Election Petition Tribunal judgment, which affirmed the election of President Bola Tinubu of the All Progressives Congress (APC).

Olayinka said that he did not expect anything different from the tribunal, saying that "it is a waste of time going to court to challenge an election the PDP should have won so easily".

"How do you prove malpractices in an election held in over 176,000 polling units when it is mandatory that you must call witnesses in all polling units where you alleged irregularities? For instance, if you claimed irregularities in 10,000 polling units, how do you bring 10,000 party agents to the court to give evidence?” he asked.

 

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