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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I HAVEN'T BORROWED ANY MONEY SINCE MY INAUGURATION, SAYS GOV. ALIA. (PHOTO).

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 I HAVEN'T BORROWED ANY MONEY SINCE MY INAUGURATION, SAYS GOV. ALIA




Benue state governor, Hyacinth Alia, said he has not borrowed any any money since he was inuagurated on May 29, 2023.


Reacting to a newspaper report (not The Nation) which  alleged that 13 new state governors, including Benue, collectively borrowed N226.8bn from both domestic and external financiers, between the period of June and December, 2023.


Governor Alia, who spoke through his Chief Press Secretary (CPS), Kulas Tersoo, said: “We want to state emphatically that, the government of Rev.Fr. Alia has not borrowed any money from either Domestic or External sources.


“All debts mentioned in the said report were incurred before May 29, 2023, and not after Governor Hyacinth Alia led administration took over office.


“Let it be known that the government of Rev. Fr. Hyacinth Alia is skeptical of borrowings, and will only do so when and if it becomes necessary and it is in the interest of the Benue people, especially to fund critical projects.


“We challenge the newspaper reporter to be more investigative in his reports, providing accurate facts, which is a key component of journalism practice.”

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