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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SHAIBU RELOCATES OFFICE OUT OF EDO GOVT HOUSE DESPITE WITHDRAWING SUIT AGAINST OBASEKI. (PHOTO).

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Shaibu Relocates Office Out Of Edo Govt House Despite Withdrawing Suit Against Obaseki

The Deputy Governor of Edo State, Philip Shuaibu has commenced the relocation of his office to an area outside the vicinity of the Government House.

The development follows last week’s withdrawal of Shuaibu’s suit filed at the Federal High Court to stop alleged plots by the state governor, Godwin Obaseki, to remove him from office.

The new office is situated at No. 7, Dennis Osadebey Avenue, close to the Government House.

Sources close to the deputy governor told Newsmen that a letter was sent by the Head of Service to the Permanent Secretary, Office of the Deputy Governor instructing her to supervise the movement of civil servants and files to the new office.

It was also gathered that the new office is not habitable as there is no electricity, is waterlogged, and the office spaces are significantly small.

The state government had however insisted that the deputy governor’s new office is within the confines of the area designated as the Government House.

 

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