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

WHY HERBERT WIGWE'S PLANE CRASHED- US AVIATION AUTHORITIES. (PHOTO).


 Why Herbert Wigwe’s plane crashed — US aviation authorities


11th Feb 2024 


The United States authorities have shared details about a crash that killed the Group Chief Executive Officer of Access Holdings Plc, Herbert Wigwe.


Onboard the ill-fated aircraft late Friday were Wigwe, his wife, son; a former Group Chairman of the Nigerian Exchange Group, Abimbola Ogunbanjo; as well as two crew members.


The US authorities, in a briefing on Sunday, said reports suggest that a wintry weather condition was among the factors that contributed to the chopper crash that claimed the six lives.


At the briefing, a National Transportation Safety Board (NTSB) member, Michael Graham, said officials were at the scene to gather perishable evidence.


“The team methodically and systematically reviews all evidence and considers all potential factors to determine the probable cause of the crash,” he said.


“The crew consisted of a pilot in command and a safety pilot. The accident flight was operated by Orbic Air LLC as a Part 135 charter flight. Witness reports of the weather conditions at the time of the accident suggest rain and a wintry mix.”


According to Graham, there were no details on the passengers that boarded the aircraft. He said that “any names will be released through the coroner’s office,” without specifying a time frame.


He also stated that the “helicopter was not equipped with a cockpit voice recorder or a flight data recorder. This helicopter was not required to be equipped with those types of recording devices.”


The NTSB would look into the chopper’s airworthiness; maintenance and structure of the helicopter, operations, meteorology, and air traffic control, according to Graham.


“Parties to the investigation include the FAA and Orbic Air LLC. As the investigation continues, other parties could be named.


“The BEA — the French aviation accident investigation agency — will serve as an accredited representative because France is a state of the manufacturer of the Airbus helicopter and the Turbomeca engine,” he added.


Meanwhile, tributes have been pouring in over the death of the six persons.


Prominent Nigerians including ex-Vice President Atiku Abubakar, Peter Obi, Ngozi Okonjo-Iweala, Femi Otedola, ministers and governors, amongst others, have paid tributes to the deceased persons.

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