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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PDP SENATOR AUSTIN AKOBUNDU WINS AGAIN AT APPEAL COURT. (PHOTO).#PRESS RELEASE

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PDP Senator Austin Akobundu wins Again at Appeal Court

The Court of Appeal has affirmed its judgment declaring PDP’s Senator Austin Akobundu representing Abia Central Senatorial District as the authentic winner of the February 25, 2023 National Assembly election in the Senatorial District

The Appeal Court sitting in Abuja today dismissed the application filed by Hon. Darlington Nwokocha of the Labour Party, seeking the Court of Appeal to review and reverse its earlier Judgment wherein it declared Senator Akobundu as the duly elected Senator for Abia Central Senatorial District.

The Appeal Court threw out the application and awarded a cost of N5million to be paid by Darlington Nwokocha to Senator Akobundu.


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