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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AIR PEACE DENIES PLAN TO HIKE AIRFARE. (PHOTO).

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 Air Peace denies plan to hike airfare


One of the major airlines in the country, Air Peace, has denied plans to increase its one-way flight fare from Lagos to Abuja to N200,000.

A post recently went viral indicating that Air Peace’s one-way flight would now cost N200,000 from November 1, 2024.

The post claimed that the one-way flight fare on the airline would increase from N114,000 to N200,000 starting next month.

However, in a statement released on Saturday, the airline said the post suggesting a 100% fare increase, featuring an image of Chairman Mr Allen Onyema, is false and did not originate from the airline.

It added that its management has not released any official statement regarding a fare increase as claimed in the post.

The statement read, “We would like to categorically state that this information is false and did not originate from Air Peace.

“We have not released any official statement regarding a fare increase as described, and any announcements regarding our pricing would only be made through our verified channels. We encourage our valued customers and clients to rely exclusively on these platforms for accurate updates and information on fares.”

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