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

BANDITS 'DEMAND' N40TRN AS RANSOM FOR 16 ABDUCTED KADUNA RESIDENTS.(PHOTO).


 Bandits ‘demand’ N40trn as ransom for 16 abducted Kaduna residents


Bandits have reportedly demanded N40 trillion as a ransom to release the 16 residents abducted from the Gonin Gora area of Kaduna.


Speaking with TheCable on Monday, John Yusuf, a community leader, said the bandits contacted family members of the victims and also demanded 11 Hilux vans and 150 motorcycles.


This is the first time bandits would make such a huge demand since abduction for ransom started in Nigeria.


On February 28, bandits killed two residents of Anguwan Auta in Gonin Gora and abducted several others.


After the attack, residents of the area on February 29 blocked the Kaduna-Abuja highway for several hours to protest against the killing and abduction.


Yusuf said the bandits attacked the community twice within the week.


“The bandits have contacted us. They are demanding N40 trillion, 11 Hilux vans and 150 motorcycles for the release of 16 people they are holding captive,” he said.


“Where are we going to get this kind of money?  Even if we sell the entire community, we cannot raise N40 trillion. Even Nigeria as a country has never made a budget of N40 trillion.


“The abductions happened twice within four days interval. During the first attack, three people were kidnapped while in the second attack, 13 people were abducted bringing the total number of people being held captive to 16.”


He said the communities in Birnin Gwari are surrounded by bushes serving as hideouts for the bandits, adding that the establishment of a military base would tackle the criminal operations in the area.


“We are pleading with the government to come to our aid by establishing a military base behind our community where the bandits take advantage of the bushes to invade our community,” Yusuf said.


“From our community down to Birnin Gwari which is over 150 kilometres is a stretch of bush.


“We also have another stretch of bushes from Gonin Gora down to Niger state.


“So when the criminals have free access through the bushes to our community. We are pleading with the government to help us.


“The army are really trying, despite the fact that they are seriously overstretched. Whenever we make distressed calls they come.


“But the problem is that before they reach the community, the bandits would have done what they wanted and left.”


The community leader commended the Nigerian Army for their efforts in fighting bandits.


He called on the federal government to take necessary actions to address banditry saying, “if not it is going to consume all of us”.

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