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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ABBA KYARI GETS BAIL AFTER 27 MONTHS IN DETENTION. (PHOTO).

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 Abba Kyari gets bail after 27 months in detention


A Federal High Court in Abuja has granted the former commander of the Force Intelligence Response Team, DCP Abba Kyari, two weeks’ bail after 27 months in detention.


Kyari is expected to conclude his mother, Yachilla Kyari’s burial rites.


The court subsequently set Friday, May 31, for the determination of his bail application in the trial over drug-related charges filed by the National Drug Law Enforcement Agency following his arrest over two years ago on February 14, 2022.


Recall that the mother died in the early hours of Sunday, May 5, 2024, and was survived by 10 children (five males and five females), including Abba, who is the eldest son.


While Abba Kyari was not able to attend his mother’s burial, residents of Borno State turned out in large numbers to pay their respects to Yachilla, who was buried according to Islamic rites the same day.


In 2022, the Police Service Commission suspended Kyari and two senior police officers — Sunday Ubua and James Bawa — named in a cocaine deal involving the suspended deputy commissioner of police.


“The Police Service Commission has suspended assistant commissioner of police, ACP Sunday Ubua and assistant superintendent of police, ASP James Bawa from the exercise of the powers and functions of their respective Offices with effect from Monday, 14th February 2022,” the PSC said in a statement.


The NDLEA had also declared Kyari wanted over alleged links with an international drug cartel.


Femi Babalola, spokesperson for the NDLEA, alleged that Kyari and his Intelligence Response Team arrested some drug traffickers who arrived in the country from Ethiopia with 25kg of cocaine but took 15kg of the seized substance for themselves.

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