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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PRESIDENT TINUBU WELCOMES TRIBUNAL VERDICT AND CALLS FOR COLLECTIVE EFFORTS TO BUILD THE NATION.(PHOTO).#PRESS RELEASE

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STATE HOUSE PRESS RELEASE
 
PRESIDENT TINUBU WELCOMES TRIBUNAL VERDICT AND CALLS FOR COLLECTIVE EFFORTS TO BUILD THE NATION


President Bola Ahmed Tinubu, on Wednesday, has assured Nigerians of his renewed and energized focus on delivering his vision of a unified, peaceful and prosperous nation, following the judgment by the Presidential Election Petition Tribunal in Abuja.

President Tinubu welcomes the judgment of the Tribunal with an intense sense of solemn responsibility and preparedness to serve all Nigerians, irrespective of all diverse political persuasions, faiths, and tribal identities.

The President recognizes the diligence, undaunted thoroughness, and professionalism of the five-member bench, led by Justice Haruna Tsammani in interpreting the law.

The President affirms that his commitment to the rule of law, and the unhindered discharge of duties by the Tribunal, as witnessed in the panel's exclusive respect for the merits of the petitions brought forward, further reflect the continuing maturation of Nigeria’s legal system, and the advancement of Africa's largest democracy at a time when our democratic system of government is under test in other parts of the continent.

The President believes the Presidential Candidates and Political Parties that have lawfully exercised their rights by participating in the 2023 general elections and the judicial process, which followed, have affirmed Nigeria’s democratic credentials.

The President urges his valiant challengers to inspire their supporters in the trust that the spirit of patriotism will now and forever be elevated above partisan considerations, manifesting into support for our Government to improve the livelihood of all Nigerians.
 
Once more, President Tinubu thanks Nigerians for the mandate given to him to serve our country while promising to meet and exceed their expectations, by the grace of God Almighty, and through very diligent hard work with the team that has been put in place for that sole purpose.

Chief Ajuri Ngelale
 
Special Adviser to the President

(Media & Publicity)

September 6, 2023

 

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