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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'IT'S POLITICAL'- APC AS EDO STATE GOV SUSPENDED THE RESUMPTION OF SCHOOL TILL FURTHER NOTICE. (PHOTO).

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EDO STATE GOV SUSPENDED THE RESUMPTION OF SCHOOL TILL FURTHER NOTICE.


‘It’s political,’ APC faults Edo’s suspension of school resumption over fuel price hike

The All Progressives Congress, Edo State chapter, has described as “expensive political gimmickry” the decision of the state government to suspend indefinitely the resumption date for schools in the state over the hike in the price of fuel.


The Permanent Secretary in the state Ministry of Education, Ojo Akin-Longe via a memo, announced the postponement of September 9, the earlier scheduled date until further notice.


The party’s Publicity Secretary, Mr Peter Uwadiae-Enosorogbe, told the News Agency of Nigeria that the action of the state government was a political gimmick less expected by the public.


Uwadiae-Enosorogbe said he was surprised that the state government could be sacrificing the educational pursuit of the children for politics.

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