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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COURT STOPS INEC FROM CONDUCTING BYE ELECTION TO REPLACE 27 RIVERS LAWMAKERS. (PHOTO).

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 Court stops INEC from conducting bye election to replace 27 Rivers lawmakers


A Federal High Court in Abuja has restrained the Independent National Electoral Commission (INEC) from conducting bye-election to replace 27 Rivers Assembly members who defected to APC.

On December 11, the Nation had reported that 27 members of the Rivers State House of Assembly, who are said to be loyal to the minister of the Federal Capital Territory (FCT), Nyesom Wike, have reportedly defected to the All Progressives Congress (APC).

Donatus Okorowo, the presiding judge, gave the order on Friday, but was made available to the Nation on Monday.

The court also stopped the four member House of Assembly led by Speaker Edison from declaring vacant the seat of the 27 APC Rivers Assembly Members.

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