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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ABA MARKET UNDER FIRE FOR COPYING ZLATAN IBILE'S CLOTHING BRAND. (PHOTO).

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 Aba Market under fire for copying Zlatan Ibile's clothing brand


Twitter influencer and doctor, Dr. Penking, has criticized the Aba market for replicating singer Zlatan Ibile’s clothing brand.

On May 19, 2024, Zlatan announced the launch of his clothing brand and the opening of his store, ZTTW Shop.

However, less than 24 hours after the launch, Aba market began producing replicas of his clothing brand, which are quickly spreading online.

Dr. Penking expressed his disappointment, pointing out that Zlatan had invested over N237 billion in the brand. He questioned how the singer would recover his investment with counterfeit products flooding the market.

“Zlatan spent 237 billion Naira to open this ZTTW store, only for Aba to start counterfeiting his style in less than 24 hours. No pity at all. How will he recoup all that money?”

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