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

PEPC: LP EXPRESSES WORRY OVER JUSTICE ODILI’S PRE-JUDGMENT REMARKS.(PHOTO).


PEPC: LP expresses worry over Justice Odili’s pre-judgment remarks

The Labour Party has raised concerns about retired Justice of the Supreme Court, Mary Odili’s, statement regarding the forthcoming judgment of the Presidential Election Petition Court, describing it as a pre-emptive pronouncement.

The National Publicity Secretary of the party, Obiora Ifoh, in a statement in Abuja, expressed the party’s concerns, stressing the need to draw attention to the development before the PEPC ruling slated for Wednesday.

Ifoh said, “The unguarded statement from the former Justice of the Supreme Court of Nigeria, Justice Mary Odili, in Abuja, last week at a colloquium to mark the 25th anniversary of the elevation of a renowned jurist, JK Gadzama to the rank of Senior Advocate of Nigeria, SAN.

“And the boasting of some persons, serving ministers and notable legislators about the outcome has left our party in shock.

“When those who should know the importance of the sanctity of the judiciary descend to the arena of abusing it with their pre-emptive utterances just to show loyalty and support to their interests, we as a party see this as unfortunate and dangerous to our democratic journey as a nation.

“We note also the needless lavish showering of praises on the legal counsels of both APC and candidate Bola Ahmed Tinubu by the retired Justice when the gathering was not theirs.

“We find this extremely undignified of a renowned jurist who rose to the peak of her career in the country’s Apex court and who as the Chairperson of the body of benchers, should be at the forefront of defending the virtuousness of the courts.

“Also curious to every discerning mind watching the unfolding events in Nigeria since the February 25th Presidential election is the fact that the PEPC refused to live coverage of the hearings of the petition, and is now anxious to have the conclusion beamed live.

“What is it that has happened between the hearing period and the delivery of the judgment that the live coverage, which they claimed was a policy issue changed suddenly at the delivery point?”

Continuing, the party’s spokesperson added, “We are aware of the efforts of the agents of the States to orchestrate problems and blame them on the political opposition.

“We wish to emphasise that it is the right of the people in a democracy to demonstrate and the obligation of state security agents to protect the demonstrators and those not demonstrating.

“We implore Nigerians to remain calm and peaceful, abide by the rule of law, and understand that this matter has not reached its logical and final conclusion.

“Our concern as a critical stakeholder in Nigeria’s project, especially the democratic evolution is that what is being destroyed with all these clever by half playing on people’s intelligence is Nigeria as a nation, not necessarily an individual.

“Anybody who loves this country should appreciate the importance of due process and the rule of law because, without it, this country is going nowhere.”

 

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