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

GOV. ALIA PROBES ORTOM OVER BENUE ASSETS. (PHOTO).


 Gov Alia Probes Ortom Over Benue Assets


The Governor of Benue State, Hyacinth Alia, has begun the probe of former governor Samuel Ortom over government assets under his care from May 29, 2015, to May 28, 2023.


As part of the probe, the governor has constituted two commissions of inquiries on income and expenditure, including contract awards, bailout funds and Paris Club refunds within the same period.


During the inauguration of both commissions at the old banquet hall of the Benue State Government House, Governor Alia tasked the commission of inquiry on the sales and lease of government assets to investigate all agreements or sales that shortchanged the government and make appropriate recommendations on the way forward.


He insisted that his administration had no other motive behind the probe but “the need to ensure Benue State gets the benefit of all that accrued to it during the last administration”.


Chaired by retired Justice Taiwo Taiwo and Justice Paul Appolos, the commission of inquiry was also tasked with investigating the income and expenditure under the eight-year tenure of the Ortom administration.


Speaking after the inauguration, Justice Taiwo Taiwo who heads the Income and Expenditure Commission of Inquiry, said his team would work in the interest of the state in the discharge of its mandate.


Upon assumption of office on May 30, 2023, Governor Alia constituted an asset recovery committee to recover alleged stolen vehicles and properties.


In line with its duties, the committee stormed an auto-mechanic workshop allegedly operated by owners of a London line motor and took over thirty vehicles attached to the government house.

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