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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FG SEALED ABUJA POPULAR SUPERMARKET FOR UNNECESSARY PRICE HIKE. (PHOTO).

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 As the crackdown on hoarding and price fixing is initiated, the FG has taken action to seal off the Sahad Store in Abuja


Twenty-four hours following President Bola Tinubu’s announcement to address the root causes of the food crisis, the Federal Competition and Consumer Protection Commission (FCCPC) took action by closing down Sahad Store, a well-known supermarket located in the Garki district of Abuja.


The supermarket management has been alleged of misleading customers by applying different prices than those indicated on the shelves.


The implementation was spearheaded by Adamu Ahmed Abdullahi, the Acting Executive Vice Chairman of FCCPC….

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