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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PRESIDENT TINUBU MOURNS VETERAN JOURNALIST, SIDI ALI. (PHOTO). #PRESS RELEASE.

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 STATE HOUSE PRESS RELEASE


PRESIDENT TINUBU MOURNS VETERAN JOURNALIST, SIDI ALI



President Bola Tinubu extends his condolences to the family and associates of Second Republic legislator and ace journalist, Sidi Ali.


The chieftain of the All Progressives Congress (APC) and former member of the House of Representatives passed away last Thursday.


The late statesman was a prolific writer, publishing 19 books and numerous articles. Some of his notable works include, 'A Trip to Timbuktu' (1965); 'Corruption in High Society', and 'The Power of Power on Muhammad Ribadu, Former Defence Minister' (1982).


Extolling the contributions of Honourable Ali to the country, President Tinubu affirms that his role as a journalist and information manager helped Nigeria at a critical time in the life of the nation.


The President prayed for Allah's mercy on the soul of the departed while condoling with the government and people of Kano State over the loss. 


Chief Ajuri Ngelale


Special Adviser to the President


(Media & Publicity)


May 1, 2024

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