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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YOUR PETITION AGAINST TINUBU IS INCOMPETENT, UNMERITORIOUS, PEPC TO OBI, LP.(PHOTO).

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Your Petition Against Tinubu Is Incompetent, Unmeritorious, PEPC To Obi, LP

The Presidential Election Petitions Court PEPC on Wednesday described as “unmeritorious”, the petitions of the Labour Party (LP) and its presidential candidate, Peter Obi, claiming that President Bola Tinubu of the All Progressives Congress (APC) was not duly elected during the February 25, 2023 poll.

On the contention by LP that Tinubu ought not to be declared winner of the election because he scored less than 25 per cent votes in the Federal Capital Territory (FCT), and was not duly elected by the majority of lawful votes cast, the Tribunal held that the argument is “ridiculous”.

The five-man panel led by Justice Haruna Tsammani considered the directive of state policy and the preamble of the constitution that provides for the equality of citizens and held that by the provisions of Section 134 (2a) of the constitution, and without any form of equivocation, “scoring 25 percent in the FCT in a presidential election is not mandatory and this issue was also resolved against the petitioner and in favour of the respondent”.

The court subsequently declared LP’s petition clearly unmeritorious.


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