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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BYE ELECTIONS, RERUN ELECTIONS MAY HOLD FEB 1- INEC.(PHOTO).

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Bye elections, rerun elections may hold Feb 1 – INEC


The Independent National Electoral Commission (INEC) has said it is considering conducting bye-elections and rerun elections across the country on Thursday, February 1, 2024, to fill existing vacancies in the state and federal legislature.

The commission’s chairman, Prof. Mahmood Yakubu disclosed this at a meeting with leaders of political parties to prepare for the elections.

Prof. Yakubu said at the end of litigation, the courts have ordered the commission to conduct rerun elections in 34 federal and state constituencies made up of one in the Senate, 11 federal constituencies, and 22 state constituencies.

In addition, he said the commission will conduct bye-elections to fill vacancies created as a result of resignation or death of members.

He said that an authentic date for the election and a comprehensive timetable will be released at the end of the meeting with party leaders.

 

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