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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AIYEDATIWA SACKS AIDE FOR ALLEGEDLY DEMANDING N30M BRIBE. (PHOTO).

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 Aiyedatiwa sacks aide for allegedly demanding N30m bribe


The Special Assistant on Forestry (Central Senatorial District) to Governor Lucky Aiyedatiwa, Mr. Adeboye Taofiq Ewenla, has been sacked for allegedly demanding N30m bribe from timber merchants.

Ewenla was reportedly caught on tape demanding the money before the Ondo timber merchants be allowed to operate.

Government sources said the telephone conversation was sent to Governor Aiyedatiwa after the merchants opted for a showdown.

In the conversation with a timber merchant, the source said Ewenla was heard telling the traders not to begin any operation in forest without paying the money.

A statement by Chief Press Secretary to Aiyedatiwa, Ebenezer Adeniyan, said the sack followed allegations of bribery and intimidation levelled against Ewenla by some timber merchants in the State.

The statement said Governor Aiyedatiwa has ordered a probe into the activities of those saddled with the responsibility of managing forest reserves in the state.

“A replacement for Mr. Ewenla will be announced in due course.

“The Governor urged all political appointees to conduct themselves in line with the provisions of the law and rules guiding their duties,” the statement reads in parts.

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