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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GOV FUBARA TAKES TOUGH STANCE AMID RIVERS POLITICAL CRISIS. (PHOTO).

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 Gov Fubara takes tough stance amid Rivers political crisis


In response to escalating tensions and recent political developments in Rivers State, Governor Siminalayi Fubara has taken decisive action by convening a high-level security council meeting with heads of security agencies.


The closed-door meeting, held at the Government House in Port Harcourt on Tuesday, focused on devising strategies to address the reported incursions into local government secretariats across the state.


Speaking to reporters after the meeting, Governor Fubara underscored the gravity of the situation, particularly cautioning former council chairmen against clinging to expectations of reinstatement.


He emphasized the need for adherence to due process and legal procedures in governance.


Expressing concern over alleged plans to apprehend his supporters, Governor Fubara sounded a defiant tone, vowing personal protection for them.


He unequivocally stated that any attempt to arrest his allies would necessitate facing him directly.


The governor’s steadfast stance comes amidst heightened political tensions in Rivers State, with stakeholders closely watching developments as the situation unfolds.

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