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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FLOOD WREAKS HAVOC IN MAKURDI, RESIDENTS BLAME UNDERPASS CONSTRUCTION. (PHOTO).

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 FLOOD WREAKS HAVOC IN MAKURDI, RESIDENTS BLAME UNDERPASS CONSTRUCTION 


22nd June, 2024 


Residents of High Level in Makurdi, the Benue State capital, are counting their losses from severe flooding caused by heavy downpour on Friday.


DAILY POST gathered that the construction of an underpass in High Level contributed to the severe flooding that affected the area.


It was noted that businesses and sources of livelihood for people living in the High Level area have been negatively affected by the flooding, attributed to the negligence of Baahaus Global Investment, Nig. Ltd., the company undertaking the construction of the High Level Underpass in Makurdi.


Victims of the flooding alleged that the construction company blocked all water channels and drainages, thereby forcing water to enter homes and business premises in the area.


Several buildings around the construction site, particularly that of Elder Thomas Anyaregh located at No. 7 High Level Rd, Makurdi, were affected.


The entire building, which housed several business shops, was submerged in water.


Tenants affected include Tobias Ezenkwo, Vincent Nwakwo, Romanius Chukwuma Nkwo, Japheth Ochinawata, and Sylina Agwu (Lady J Computers).


Goods worth millions of naira were destroyed as a result of the downpour, which could not find its way due to the blockage of the drainage systems.


Speaking to newsmen, the landlord of the property, Mr. Anyaregh, clarified that he is not opposed to the construction of the High Level Underpass by the state government but strongly opposes the incompetence of the construction company, which has consistently refused to create adequate water channels despite repeated appeals.


He lamented that their inaction has completely ruined his properties and those of his tenants.


Elder Anyaregh, deeply incensed, vowed to seek compensation for the damages caused by the carelessness of the construction firm.


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