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. ADELEKE APPOINTS ANOTHER OWA OF IGBAJO. (PHOTO).


 Adeleke appoints another Owa of Igbajo


Osun State Governor Ademola Adeleke has approved the appointment of Dr. Ademola Makinde as another Owa of Igbajo.

The Nation recalls that Oba Adegboyega Famodun was appointed by the previous administration after he was nominated by the kingmakers of the town.

However, Governor Adeleke faulted his selection and used warrant chiefs to select the new king last Friday.

Oba Famodun said he remains the Owa of Igbajo and will continue to reign till the court says otherwise.

Governor Adeleke yesterday morning in a statement through his Commissioner for Information and Public Enlightenment, Kolapo Alimi, said the appointment of the new Owa was reached at an executive meeting held at the Exco chambers, in line with due process, chieftaincy law and tradition.

He said Governor Adeleke at the meeting congratulated the new Owa of Igbajo and urged him to heal the wounds of the selection process by ensuring inclusive traditional governance.

“I advise the new Owa of Igbajo to embark on reconciliation and restore the dignity and integrity of the traditional institution.”

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