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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RIVERS CRISIS: COURT DECLARES FUBARA'S ALLY, EHIE, AUTHENTIC SPEAKER. (PHOTO).

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Rivers crisis: Court declares Fubara’s ally, Ehie, authentic Speaker

A High Court sitting in Port Harcourt, Rivers State, on Tuesday, confirmed Edison Ehie as the authentic Speaker of the state’s House of Assembly.

Ehie is one of the four lawmakers backing Governor Siminalayi Fubara in the ongoing face-off between him and his immediate predecessor, Nyesom Wike.

Edison was suspended and removed as leader of the House by his colleagues who are loyal to Wike, the current Minister of the Federal Capital Territory, Abuja.

Giving the ruling, Justice M.W. Danagogo also ordered Martins Amaewhule and Dumle Maol to stop parading themselves as Speaker and Deputy Speaker of the Rivers State House of Assembly.

The court also warned against using thugs and policemen to gain access to the Assembly Complex.

The political crisis rocking the state took a new turn on Monday when about 27 lawmakers dumped the Peoples Democratic Party for the All Progressives Congress.

 

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