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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ALLEGED BUDGET PADDING: SERAP SUES AKPABIO OVER REFUSAL TO RECALL NINGI. (PHOTO).

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 Alleged budget padding: SERAP sues Akpabio over refusal to recall Ningi


The Socioeconomic Rights and Accountability Project, SERAP, has instituted a legal action against the Senate President, Godswill Akpabio, over the failure to recall Bauchi Central Senator, Abdul Ningi.


SERAP also sued Akpabio over his inability to refer the budget padding allegation to the Economic and Financial Crimes Commission, EFCC, for prosecution.


Ningi had raised an alarm that N3.7 trillion was untraceable in the 2024 budget.


His allegation led to a three-month suspension by the senate following his inability to substantiate the budget padding allegation.


Following his suspension, activist lawyer, Femi Falana had charged the Senate to reinstate Ningi, a demand that has not been met.


However, SERAP posted on X: “BREAKING: We’ve sued the Senate President, Mr Godswill Akpabio over the failure to recall whistleblower Abdul Ningi, and to refer the alleged N3.7 trillion budget padding to the EFCC and ICPC for investigation and prosecution.”

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