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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NNAMDI KANU LOSES FRESH BATTLE ON BAIL, REMOVAL FROM DSS CUSTODY. (PHOTO).

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 Nnamdi Kanu loses fresh battle on bail, removal from DSS custody


Justice Binta Nyako of the Federal High Court in Abuja has dismissed the request by the detained leader of the Biafra nation agitators, Nnamdi Kanu for the restoration of his revoked bail and the removal from the custody of the Department of State Services (DSS) to a house arrest or prison custody.


The Judge on Monday said that the same request had been brought before her by Kanu but was dismissed for want of merit.


In a ruling on Kanu’s request, Justice Nyako said that she found as a fact that Kanu jumped the bail earlier granted him and escaped out of the country.


The Judge also held that the sureties who stood for him in the earlier bail had applied to be discharged and had been discharged on the ground that they could not locate Kanu and did not know his whereabouts.


Justice Nyako said that the only option left for Kanu was to go to the Court of Appeal and exercise his right of appeal.


The Judge disagreed with Kanu’s lead counsel that the Supreme Court held that the earlier bail granted him ought not to have been revoked, adding that she had perused the Supreme Court judgment copy and did not see the claim of the lawyer.


As of the time of this report, Kanu is shouting at top of his voice, insisting not to stand trial before any court in Nigeria.


He is claiming that any attempt to put him on trial would amount to a breach of Nigeria’s Constitution and the international laws.

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