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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SOKOTO GOVT CONFISCATES EQUIPMENT FROM PASSED GOVT OFFICIALS.(PHOTO).

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SOKOTO GOVT CONFISCATES EQUIPMENT FROM PASSED GOVT OFFICIALS


Over twenty witnesses have appeared before the Sokoto state Commission of Inquiry to give account of what transpired during the passed administration in the state.

Speaking to newsmen shortly after the hearing, the council to the commission, Barr. Amazi Amazi Friday said the commission was established to look into the alleged Mismanagement of Sokoto state government funds , assets and property during the passed administration of the state.

He noted that the commission was not setup to convict or witch-hunt the witnesses but to ascertain and make inquiries into certain irregularities and activities of some govt. officials during the Passed administration in the state.

Barr. Amazi Amazi explained that already, the commission had concluded it's inquiry on the first memorandum which bordered on the activities of the state Ministry for Local Governments last week while the present inquiry borders on the activities of the state Ministry for Agriculture.

He said three people among the invited witnesses who appeared before the commission have agreed to return three Tractors given to them as donation by the passed administration without due process.

According to Amazi Amazi, about thirty vehicles and tractors were given to people without due process.

Earlier, the chairman of the commission and former Gombe state chief justice and a senior advocate of Nig. Muazu Abdulkadir Bindiga salted the fifth of October for the continuation of the hearing after the council to some witnesses requested for an extension of time to enables the witnesses understand the content of the second memorandum before the next sitting.

Some of the witnesses include former Sokoto state governor Aminu Waziri Tambuwal and former deputy governor Muhammad Mannir Dan iya among others


 

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