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

FUBARA SWEARS IN 23 NEW RIVERS LG CHAIRMEN. (PHOTOS).

 


UPDATED

Today marked a new dawn for Rivers State as we swore in the newly elected local government chairmen. This is a call to serve with the requisite responsibility of uniting and uplifting our people. 

I urge every chairman to embrace the spirit of service, work for the people and maintain the peace and progress of our beloved state.

Together, we will build a greater Rivers State as we ensure that this administration's goals are met for the benefit of all.- Gov. Fubara

INITIAL REPORT:

Fubara swears in 23 new Rivers LG chairmen


Rivers State Governor, Siminalayi Fubara, has sworn in the newly elected council chairmen of the 23 local government areas.


The exercise was held on Sunday at the Executive Council Chamber of the Government House in Port Harcourt, the state capital, hours after the chairmen were issued certificates of return by the Chairman of the Rivers State Independent Electoral Commission, Adolphus Enebeli.


After an exercise held amid heightened tension on Saturday, the Action Peoples Party won 22 out of 23 chairmanship positions, while the Action Alliance candidate won one seat.


More photos below. 









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