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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EKSU ASUU RAISES ALARM AS ABDUCTED EX-DVC SPENDS OVER 2 WEEKS IN CAPTIVITY. (PHOTO).

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 EKSU ASUU raises alarm as abducted ex-DVC spends over 2 weeks in captivity


The leadership of the Academic Staff Union of Universities, ASUU, Ekiti State University, Ado Ekiti Branch, has expressed concern over the refusal of the abductors of a former Deputy Vice Chancellor, Academic, of the university, Prof. Femi Olaofe, to release him two weeks after he was kidnapped.


In a statement in Ado Ekiti, ASUU Chairman, Professor Sola Afolayan, said the union and the university community are deeply concerned and worried about the well-being of the octogenarian who has been held hostage for more than two weeks.


Afolayan condemned the abduction of the octogenarian whom he said had served his father land meritoriously and made meaningful impact.


The ASUU chairman appealed to the abductors to release him unhurt.


He called on government and the security agencies in the state to step up their rescue mission and bring back the former DVC hale and hearty.


Afolayan said, “We are not happy and comfortable that the old man is still being held captive after two weeks, there is no justification for his abduction and that is why we urge the abductors to please let him off the hook.”

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