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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RIVERS GOVT SHUTS AIT, RAYPOWER'S OPERATIONS.(PHOTO).

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Rivers govt shuts AIT, Raypower’s operations

The Rivers State Government has shut down the operations of Africa Independent Television and Raypower FM in Port Harcourt.

According to a report on the media organisation’s website, the operations were shut down by telecommunications engineers contracted by the State Government who were accompanied by armed security operatives.

It is also observed a live broadcast on the TV channel where the alleged contractors were seen disconnecting the wave guard from the antenna on the mast while riggers were seen dismantling the mast.

The statement reads, “Meanwhile, bulldozers were also deployed by the Rivers State Government to demolish the Transmitter Complex at the DAAR Communications PLC Broadcast Centre in Port Harcourt.

“Management of the Company has been taken by surprise following the sudden turn of events as efforts were in top gear to resolve issues with the State Government amicably but the no notice incident is a heavy source of concern.

“Some officials of the telecommunications contractor told AIT that they were working on a directive from above to start demolition on Sunday despite the heavy rains as against a later date.”

It is in March that the land on which the AIT/RayPower Radio station built its transmission station has been a subject of dispute between the state government and Daar Communications, Plc.



 

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