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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POLICE TEARGAS SACKED PDP PLATEAU LAWMAKERS. (PHOTO).

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Police teargas sacked PDP Plateau lawmakers

Police operatives on Tuesday teargassed the 16 Peoples Democratic Party (PDP) members of the Plateau Assembly sacked by the Court of Appeal.
The incident occurred as the lawmakers and their supporters were getting ready to resume plenary sessions at the Rayfield Old Government House in Jos.
The Government House was overrun by police and other security personnel, who prevented the dismissed lawmakers from entering the House of Assembly’s Chambers.
However, the lawmakers promised not to leave the building.


 

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