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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AKEREDOLU’S LOYALISTS KICK OVER SUSPENSION OF ONDO CARETAKER CHAIRMEN BY AIYEDATIWA. (PHOTO).

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Akeredolu’s loyalists kick over suspension of Ondo caretaker chairmen by Aiyedatiwa

Some loyalists of late former governor Oluwarotimi Akeredolu have accused Governor Lucky Aiyedatiwa of aiding the agenda of the opposition Peoples Democratic Party (PDP) by suspending caretaker chairmen recently appointed by Akeredolu.

The Akeredolu loyalists said Aiyedatiwa planned to sack all political office holders appointed by Akeredolu ahead of this year’s governorship election.

They said Aiyedatiwa ordered the suspension of the caretaker chairman despite the appeal filed against the Injunction secured by the PDP.

Speaking on condition of anonymity, one of the suspended caretaker chairmen said the action of Aiyedatiwa asking them to leave office might plunge the Ondo APC into crisis.

He said their suspension by Aiyedatiwa was prejudicial and amounted to taking side with the opposition party despite the appeal filed against the lower court ruling.

He said: “The circular by the Permanent Secretary is an agenda by the faction of the deputy governor, now governor, to uproot all loyalists of Aketi from this administration.

“This is another round of crisis in our party and no one can say when this is going to end. Mr. President has tried his best, but these people are not ready to embrace peace.

“Where did the Permanent Secretary get the judgment which says caretaker committees have been suspended? Is he pretending not to be aware of the appeal suit and stay of execution filed by the caretaker chairmen and that of the state government at the Appeal Court.

“Governor Lucky Aiyedatiwa may also face serious challenge in managing the situation and unite the party as advised by President Tinubu following the death of former Governor Oluwarotimi Akeredolu.”

The Chief Press Secretary to Aiyedatiwa, Ebenezer Adeniyan, however, said the caretaker chairmen were not sacked but suspended until determination of the suit.

Adeniyan said the Governor has no agenda to divide the party or work for the interest of the opposition PDP.



 

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