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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WORKERS IN TELECOMMUNICATIONS AND ELECTRICITY SECTORS THREATEN TO SHUT DOWN OVER PLAN TO ARREST AJAERO. (PHOTO).

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 Workers in telecommunications and electricity sectors threaten to shut down over plan to arrest Ajaero


Nigerian workers in the telecommunications and electricity sectors have threatened to shut down the National grid and telecom services at midnight on Wednesday if President of Nigeria Labour Congress, Joe Ajaero, is arrested by the Nigeria Police Force.


The General Secretaries of the National Union of Electricity Employees and the National Union of Postal and Telecommunications Employees, Dominic Igwebike and Mary Nwosu, respectively, issued separate notices on Tuesday regarding this matter.


The police summoned Ajaero for questioning on Tuesday over alleged links to terrorism financing and other accusations in a letter on Monday. In response, Ajaero declined the late invitation but agreed to honor it on Wednesday, August 29.


In reaction to the situation, NUEE, NUPTE, and other unions have pledged to stop work if Ajaero is arrested. The NUEE, which includes workers in the Transmission Company of Nigeria, instructed its members to down tools from 12 midnight on August 29 in case of any arrest of the NLC President or any other Labour Leader. NUPTE, the workers in the postal and telecoms sector in Nigeria, followed the same instruction.


However, the NLC has vowed to initiate a nationwide strike if Ajaero is arrested.

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