INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

Image
  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

HEATED ARGUMENT IN SENATE OVER SITTING ARRANGEMENT. (PHOTO).


 Heated Argument In Senate Over Sitting Arrangement


The Senate has resumed plenary after six weeks of recess in the newly renovated hallowed chamber opened over two years after the reconstruction began.


Shortly after the regular announcements by the President of the Senate, Godswill Akpabio, a heated argument ensued between some ranking members over sitting arrangement.


Three Senators engaged in heated argument. Senator Danjuma Goje, who is a four-time ranking Senator representing Gombe Central; and Sahabi Yau, Senator representing Zamfara North; expressed displeasure over the back seats assigned to them, and complained to the Majority Leader, Senator Opeyemi Bamidele.


According to the standing rules of the upper legislative chamber, senators sit according to ranking but the arrangement the aggrieved senators met fell short of their expectations.


After the argument, Kawu Sumaila, Senator representing Kano South, called for a “point of order” but was ignored.


The President of the Senate doused tension after a slightly prolonged verbal engagement with Bamidele, Yau and Goje at the centre.


He called on the aggrieved Senators to approach the Chair to diffuse the anger, after which he read his welcome address.


Minutes after, plenary was dissolved into an executive session.

Comments

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

SSANU, NASU THREATEN STRIKE OVER WITHHELD SALARIES. (PHOTO).