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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DEFENCE MINISTER, AIR CHIEF ARRIVE TURKEY TO FACILITATE SPEEDY DELIVERY OF ATTACK HELICOPTERS TO NAF.(PHOTOS).

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DEFENCE MINISTER, AIR CHIEF ARRIVE TURKEY TO FACILITATE SPEEDY DELIVERY OF ATTACK HELICOPTERS TO NAF


Defence Minister, Dr Muhammad Badaru Abubakar and Chief of the Air Staff, Air Marshal Hasan Abubakar have arrived Turkey to facilitate the speedy delivery of the T-129 ATAK helicopters acquired for NAF by the Federal Government.

According to a statement by Director of Public Relations and Information of NAF, Air Commodore Edward Gabkwet says on the sidelines of the visit, the Minister held talks with his Turkish counterpart, Lt General Yasar Guler(rtd) on critical bilateral and defence co-operation issues.

General Guler(rtd) assured the Minister of every support required from the Turkish military defence companies to further strengthen and accelerate the defeat of terrorism and other criminal challenges facing Nigeria.

The Minister and the Air Chief also visited some selected Turkish companies, including Turkish Aerospace industries, MKE, Aselsan and Roketsan who are among highly rated global defence companies renowned for the production of quality defence and military equipment.

While at the companies, Dr Badaru Abubakar solicited for improved synergy between the companies and Nigeria through transfer of defence technology to Nigeria.

Recall that that the Federal Government procured 6 T-129 ATAK helicopters from Turkish Aerospace industry, out of which 2 are to be delivered to the NAF in the coming weeks, while the remaining helicopters are expected before the end of second quarter of 2024.

More photos below. 



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