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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COURT RENEWS ORDER RESTRAINING POLICE FROM ARRESTING EDISON.(PHOTO).

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 COURT RENEWS ORDER RESTRAINING POLICE FROM ARRESTING EDISON.



The Port Harcourt division of the Rivers State High Court has renewed and extended the interim court order restraining the Nigerian Police and other security agencies from arresting the Chief of Staff to the Rivers State Governor, Edison Ehie.


The order was renewed by the trial Judge, Justice Sika Aprioku following a complaint by Mr Ehie’s lawyer, Damian Okoro SAN who informed the judge that despite the court’s earlier order, the police had gone ahead to declare Edison wanted.


After listening to the Senior Advocate, Justice Aprioku cited order 4 rule 4C of the Administration of Criminal Justice which gives him power to renew and or extend orders where applications are made ex parte.


He extended the validity of the previous order till the substantive suit is determined, he also ruled on an application for extension of time by respondent counsel Celestine Dickson, who he gave three days extension

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