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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FUEL PUMP PRICE HIKE: COMMERCIAL TRANSPORTERS DOWN TOOLS IN ILORIN. (PHOTO).

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 Fuel Pump Price Hike: Commercial transporters down tools in Ilorin


Commercial transporters in Ilorin, Kwara State capital on Thursday stopped operations to protest the high cost of petrol for their business.


Okada riders, tricyclists and other intra-city commercial transporters were forced off the road by their aggrieved members who complained bitterly about the high cost of fuel.


Passengers on Okada and tricycles were forcefully disembarked and made to trek.


Fuel in the state capital now cost between N1,100 and N1,200 per litre against the official price of N895 announced by the NNPC.


The action of the aggrieved transporters which started at about 7:00 am, forced some filling stations in Ilorin to stop sales due to the fear that their facilities could be attacked and razed down.


As a result of the development, many commuters who were stranded had to trek some kilometers to their destinations but private motorists were allowed free movement.


Some owners of commercial shops in the state capital also closed for business to prevent looting if the situation escalates.


Efforts to reach the spokesperson of the state Police Command, DSP Ejire Adeyemi Toun, were not successful at the time of filing this report.

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