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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WHY I WON'T CHALLENGE MY LOSS IN COURT- DINO MELAYE. (PHOTO).

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Why I won’t challenge my loss in court – Dino Melaye

The Peoples Democratic Party, PDP candidate in the just concluded Kogi State Governorship election, Senator Dino Melaye has announced his decision not to seek legal redress following his electoral loss.   

Melaye said his decision was hinged on the fact that the judiciary has allegedly become an arm of the ruling All Progressives Congress, APC.  

He said this at a media briefing in Abuja on Wednesday.

According to him, it is now public knowledge that the judiciary under the current administration has become the “lost hope” instead of the “last hope” of the common man.

Melaye noted that it was a shame that the judiciary watched helplessly as members of the ruling party boasted of their control over the judiciary during campaigns.

 

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