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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FRSC NOT SEEKING FG'S PERMISSION TO BEAR ARMS- OFFICIAL.(PHOTO).

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FRSC not seeking FG’s permission to bear arms — Official


The Federal Road Safety Corps has dismissed reports that it is seeking the permission of the Federal Government to bear arms.


The Assistant Corps Marshal and Corps Public Education Officer, Bisi Kazeem, on Sunday urged the general public to disregard the report.


The Deputy Corps Marshal, Shehu Zaki, had on Saturday, said given the prevailing security challenges in the country, their personnel must bear arms when carrying out their responsibilities.


Reacting to the statement, Kazeem said, “The attention of the FRSC has just been drawn to a report that the Corps Marshal is seeking the permission of the Federal Government for the personnel of the Corps to bear arms.


“The erroneous statement credited to the representative of the Corps Marshal at the Passing Out Parade of Cadets at the Nigerian Army Training Centre, Kontagora, Niger State, does not reflect the current position of the Corps Marshal and the management team.


“Members of the public should therefore take note,” he said.

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