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

BETTA EDU: CORRUPTION ALLEGATIONS AGAINST GBAJABIAMILA BASELESS- SPEAKER ABBAS. (PHOTO).


 Betta Edu: Corruption allegations against Gbajabiamila baseless — Speaker Abbas

The Speaker of the House of Representatives, Tajudeen Abbas, has described corruption allegations leveled against Femi Gbajabiamila, the Chief of Staff to President Bola Tinubu, as baseless.


Tajudeen stated this while addressing a press conference on the state of the nation on Thursday.


The speaker called on security agencies to diligently investigate allegations leveled against Gbajabiamila.


Recall that Gbajabiamila has been at the centre of allegations of graft involving suspended Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu.


But, while addressing the citizens, Abbas urged Nigerians to desist from fake news but welcomed constructive criticism to make government officials more accountable.


He, however, pointed out that the allegations against Gbajabiamila are capable of undermining the nation’s democracy.


He said, “There has been a rise in defamation campaigns on social media involving the deliberate dissemination of false and misleading information with the intent to harm the reputation of individuals or organisations. 


“These campaigns often target political opponents, seeking to undermine their credibility, integrity, and public trust.


“The recent unjustified and baseless allegations against the Chief of Staff to the President, Femi Gbajabiamila, point to the danger of an unfettered and unaccountable social media. 


“Such acts not only undermine the integrity of our democracy but also erode the fabric of our national unity. Yet, Femi is just one of millions of Nigerians who suffer cyberbullying and coordinated campaigns of defamation daily. Too many victims are not as powerful as him to defend themselves.


“Those of us who have worked with him for over a decade can attest to his patriotism and integrity. His willingness to voluntarily subject himself to investigation by all security and law enforcement agencies demonstrates his rectitude and honour.


“I urge the security agencies to work diligently and swiftly to investigate all matters he has raised in his letter to them and inform Nigerians of their findings. If not found guilty, these agencies must fish out those responsible for the character assassination and ensure they are brought before the law.


“It is most unfortunate that someone who has, over the years, built a reputation through hard work and commitment to service, should be damaged by unscrupulous elements. 


“The consistent attempt to pull him down for purely political or personal reasons and without consequence is deeply deplorable,” he said.

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