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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PRES. TINUBU RECEIVES BLINKEN AT STATE HOUSE. (PHOTO).

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Tinubu receives Blinken at State House

President Bola Tinubu is currently in closed-door talks with United States Secretary of State, Antony Blinken, at the Aso Rock Villa, Abuja.

 
Blinken who arrived at the State House at about 06:53 pm local time was received by the Minister of Foreign Affairs, Yusuf Tuggar, ushered into the President’s diplomatic room for a bilateral meeting.

Although the senior US official is visiting Tinubu for the first time since the latter assumed the Presidency eight months ago, it would be his second visit to the seat of power since November 2021 when he met President Muhammadu Buhari.

Nigeria is Blinken’s third destination in his week-long whistle-stop tour which began in Cabo Verde through Ivory Coast and is scheduled to end in the Central African state of Angola.

Visiting a port in Praia, Cape Verde’s capital, that was expanded through US government assistance, Blinken remarked that the US was “all in” for Africa.

“We see Africa as an essential, critical, central part of our future,” he said.

According to the US State Department, his visit is part of a bid to forge a united front with key African democracies as crises engulf the world.

In Abidjan, Blinken met Ivorian President Alassane Ouattara, before heading to Abuja to see Nigerian President Tinubu.

The two West African powers, one Anglophone and one Francophone, have largely shared the US stance on arming Ukraine and, more recently, US support for Israel in its war with Hamas.

In 2022, Nigeria, Africa’s most populous nation, and Ivory Coast, as well as Kenya in East Africa, joined the United States in a United Nations vote to condemn Russia’s aggression in Ukraine.

This is in sharp contrast with another continental power, South Africa, which the US has accused of allowing arms shipments to Russia and which most recently pushed a genocide case against Israel before the International Court of Justice.

Consequently, Blinken will not visit South Africa but he will visit Angola, which played a crucial role in mediating to end unrest in the neighbouring Democratic Republic of Congo.

 

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