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

ABIA GOVT SACKS ILLEGAL OCCUPANTS AT ABA TEXTILE. (PHOTO).


 Abia Govt Sacks Illegal Occupants At Aba Textile


Abia State Government has sacked alleged illegal occupants of properties belonging to the Aba Textile Mills at the Government Reservation Area, GRA, Aba. 


The three buildings located on a large expanse of land at Oron Street, in the area,were sealed and marked as ‘Abia State Government property.’ 


One of the buildings was converted to a school , with other structures erected in the expansive compound. General Manager, Greater Development Authority, GADA, Mr. Uche Ukeje, said the buildings belong to the state owned textile company but was illegally occupied by unknown individuals. 


He said, “The three buildings belong to the Aba Textile Mills PLC,but are being occupied by unknown persons. These properties belong to the state.We have sealed and marked them Abia State Government properties. 


“So, these illegal occupants are advised to quit immediately because they are not supposed to live there. They have no right to occupy the buildings owned by the state without authorization.


All government properties in the hands of individuals in Aba will be recovered from such persons,no matter the status of the people involved.” 


Some of the alleged illegal occupants who declined to have their names, told Vanguard that they got the properties from previous administrations and have documents to prove their claims. 


“The government is wrong to seal my property because i have documents to prove ownership. I have the documents to prove how I acquired the property,” one of them, said.

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