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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'YOU'RE ALWAYS SLEEPING IN ABUJA'- BASHIR EL-RUFAI TACKLES UBA SANI OVER 'HUGE DEBT INHERITED' CLAIM. (PHOTO).

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 ‘You’re always sleeping in Abuja’ — Bashir el-Rufai tackles Uba Sani over ‘huge debt inherited’ claim

   

Bashir, son of Nasir el-Rufai, former governor of Kaduna, has criticised Uba Sani, his father’s successor, for his remarks on the “huge debt profile” he inherited. 


Speaking during a town hall meeting in Kaduna on Saturday, the governor said he inherited a debt burden of $587 million, N85 billion and 115 contractual liabilities from the el-Rufai administration.


He said his government is unable to pay workers’ salaries due to the inherited debt, adding that the debt burden is eating deep into the state’s coffers.


Reacting to the governor’s statement, Bashir said Sani’s administration is suffering from incompetence and mismanagement.


He berated the governor for “building a banquet hall for N7 billion” while complaining about his inability to pay salaries. 


“The current administration in Kaduna is building a banquet hall for 7BN naira and is lamenting about debt left by the previous administration. These guys have realised that they are wholly incompetent and the only way to mask the nonsense is to deflect,” he wrote on his X page.


“From a Governor who is always sleeping in Abuja to a litany of incompetent aides who were only rewarded for foolish political reasons.


“FYI: He was the Senator from Kaduna who lobbied & approved the loans. One would think that from all the FAAC allocations these unserious clowns have changed to dollars, debt would be the least of their problems.”


Before succeeding Nasir el-Rufai as governor in May 2023, Sani represented the Kaduna central senatorial district at the red chamber from 2019 to 2023.

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