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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RESIDENTS WAIL AS KADUNA GOVT DEMOLISHES ILLEGAL STRUCTURES. (PHOTO).

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 Residents Wail As Kaduna Govt Demolishes Illegal Structures


The Kaduna State Urban and Planning Development Authority (KASUPDA) has embarked on the demolishing of ‘illegal structures’.


This action to many concerned residents and stakeholders, though legal, has come at a very critical time when the victims and other Nigerians are groaning sequel to the raging hyperinflation and other economic conundrums.


A cross-section of the victims and residents lamented to the News Agency of Nigeria (NAN) that the demolition was like adding salt to an injury.


“Such obnoxious actions are capable of aggravating insecurity in the state and the country in general,” one of them said.


Malam Aliyu Sahabi, a former shop owner at the popular NAF Junction told NAN, “We are really now very confused as I have been operating here for close to two decades.


“As for the elderly people like us, some of us can be patient but what about the youth? Some of them can resort to crimes”


Another victim, Hajiya Raliya Muhammad called on the state government to provide them with an alternative place.


However, the authority has insisted that its action was aimed at sanitising the city and restoring its original master plan.

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