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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FEMALE TRADER DIES IN IMO AUTO CRASH, MOB SETS VEHICLE ABLAZE. (PHOTO).

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Female trader dies in Imo auto crash, mob sets vehicle ablaze

An auto crash on Saturday at Orji community in the Owerri North Local Government Area of Imo State on the Owerri-Okigwe Expressway claimed the life of a female trader.

Eyewitnesses told Newsmen that a heavy duty vehicle rammed on a commercial vehicle popularly known as Busimo.

While the victim’s head was said to have been cut off by the vehicle, other passengers in the bus sustained high levels of injuries and were rushed to various hospitals.

The state police command deployed its state Traffic Department to the scenes as the incident caused traffic gridlock.

An eyewitness said ” the auto crash has killed one person and many sustained injuries and were rushed to hospitals. The victim was a trader. She had closed for the day and went to a nearby community known as Akabo to drop something for somebody. She was on her way back when the accident occurred and she lost her life. This is horrible. Her head was chopped off.”

Newsmen gathered that after the auto crash, some group of unidentified youths came and set the vehicle on fire.

The razing of the vehicle caused pandemonium as residents fled thinking that bandits had struck.

A resident said, “we thought that bandits were on rampage because the bursting of the tyres by the inferno looked as if it was dynamite that was thrown. It was later that it was discovered that the heavy duty vehicle was set ablaze by some unknown persons.”

When contacted, the spokesperson for the police in the state, Henry Okoye, confirmed the incident, saying others were rushed to hospitals.

He disclosed that the command had commenced an investigation into the cause of the acident.


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