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

WIKE WARNS AGAINST GETTING INVOLVED IN POLITICIAN'S FIGHT UNINFORMED. (PHOTO).



Wike Warns Against Getting Involved In Politicians’ Fight Uninformed


The FCT Minister, Nyesom Wike, has warned residents of Rivers State against getting involved in any political conflict without knowing the cause of such a fight.


The minister made this known on Sunday while addressing the congregation during a thanksgiving ceremony for George Kelly Alabo, the immediate past Commissioner for Works at the Kings’ Assembly in Port Harcourt, the Rivers State capital.


“Don’t get involved in any fight between two politicians without knowing the real cause of the quarrel,” Wike said.


“In any facet of life, there are rules and they must be obeyed. As a pastor, there are rules you must follow, so also as politicians, we must follow rules. While I was governor I followed those rules, and that’s why I was able to succeed.”


Going on, the minister appeared to criticise the Rivers Elders position saying, “When I was running for governor, I was invited that some elders want to see me, when I got there I saw only two people. Just two of them constituted themselves as elders over the whole state. Now they’ve come back again as elders, don’t mind them.”


The minister also went on to question the agitation, saying those making it an Ijaw thing were ill-informed.


“When we wanted to go for it we were not shouting asawana, now they’re carrying flags and shouting asawana up and down. Are you people aware that Mr President actually called us privately and told us what to do, he didn’t do it and now Mr President then said okay, the larger house should come and they’re saying he does not have the constitutional right to do that.”


In attendance were some of the 27 lawmakers believed to be loyal to Wike as well as some of the recently resigned commissioners.


Rivers State has been a theatre of the absurd in the last three months with the state House of Assembly serving as the “boxing ring”. The rift between the state governor, Siminalayi Fubara and his predecessor, Wike, split lawmakers in the House with 27 of them decamping from the Peoples Democratic Party (PDP) to the ruling All Progressives Congress (APC), a party in whose central government Wike currently serves as minister.


The feud also saw the emergence of parallel sittings, an impeachment plot against the governor, the demolition of the Assembly complex, and a gale of resignations of pro-Wike commissioners in Fubara’s cabinet.


The President had on Monday, December 18 met with Fubara and Wike at the Aso Villa in Abuja.

 

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