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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HELICOPTER CRASH: PENGASSAN CONFIRMS LOSS OF 4 MEMBERS.(PHOTO).

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 Helicopter crash: PENGASSAN confirms loss of 4 members


The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, said it lost four of its members to the tragic helicopter crash that occurred in Rivers State on Thursday.


The President of PENGASSAN, Mr Festus Osifo, said this in a statement on Friday in Abuja.


Osifo said that PENGASSAN was deeply saddened by the death of its members, which occurred in the early hours of Thursday, October 24 in Rivers State.


According to him, the deceased were valued members of the PENGASSAN family and dedicated professionals in the oil and gas industry.


“Their contributions to the sector and our association will be sorely missed. PENGASSAN extends its heartfelt condolences to the families, friends, and colleagues of the victims during this difficult time.


“We share in their grief and offer our unwavering support as we navigate this tragic event. We are committed to assisting the bereaved families in any way possible,” he said.


Osifo added that the association was currently working to gather more information about the circumstances surrounding the crash and cooperating fully with the relevant authorities in their investigation.


He, therefore, urged all parties involved to conduct a thorough and transparent investigation to determine the cause of the accident and put in place urgent measures to prevent future tragedies.

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