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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LG AUTONOMY: SUPREME COURT JUDGMENT DOESN'T AFFECT DELTA- GOV OBOREVWORI. (PHOTO).

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 LG Autonomy: S’Court Judgment Doesn’t Affect Delta –Gov Oborevwori


Delta State Governor, Sheriff Oborevwori, has said that the Supreme Court judgement granting local government financial autonomy does not in any way affect the state.


Oborevwori said the state government did not tamper with funds belonging to the local government councils.


He said, “Supreme Court has given judgment. It does not affect Delta State Government. In Delta State, we don’t tamper with local government money. As we speak, the money for the local governments is still there. Almost N15billion is still there.”


Oborevwori made the assertion shortly after casting his vote in the ongoing local government elections in the state at Ward 6, Unit 33 in Osubi, Okpe Local Government Area.


Tinubu’s ADC accepts royal stool, to appoint placeholder

LG Autonomy: Supreme Court judgment a Catalyst for National Development – ADC

“I am a supporter of financial autonomy and as a former speaker, we’re at the forefront of financial autonomy for the legislature and the judiciary. I still believe in it,” he added.


Oborevwori assured Deltans that the ongoing election would be peaceful just as he expressed the belief that the candidates of the Peoples Democratic Party (PDP) would win the election.


However, the election has been marred by low turnout of voters.


Traders at the popular Igbudu Market were doing their businesses in Warri while commercial drivers were also operating normally.


There were scanty presence of security operatives along major roads. At about 10:57am, eligible voters were yet to come out to cast their votes for their preferred candidates in Warri South, Uvwie and the home of Governor Sheriff Oborevwori in Osubi, Okpe LGA.


Dailu Trust reports that the election will end by 2pm.

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