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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LG POLLS OUTCOME: PDP PLOTTING RIVERS MAYHEM IN IMO- UZODINMA GOVT. (PHOTO).

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 LG polls outcome: PDP plotting Rivers mayhem in Imo – Uzodinma govt


The All Progressives Congress-led administration of Hope Uzodinma has pointed accusing fingers at its major political rival, the People Democratic Party, PDP, alleging that the party is plotting means to discredit the present government.


Uzodinma’s Government made the allegation by insinuating that the PDP is planning a way of instigating violence in the state over the just concluded local government elections.


Making the position of the State Government known, the Commissioner for Information, Public Orientation and Strategy, Declan Emelumba disclosed that credible information at its disposal indicated that the PDP wants to borrow a leaf from the recent violence in Rivers State against newly sworn in local government chairmen and councillors.


Emelumba said that it was surprisingly unbelievable that just barely 24 hours after the Rivers violence broke out following the outcome of the local government elections in that State, the PDP Imo State in a statement on Tuesday allegedly warned elected local government chairmen in the state to steer clear of the council secretariats in the 27 LGAs.


The Commissioner argued that such a warning was ominous and portends danger, and demanded that the security agencies should pay adequate attention to the statement allegedly credited to the PDP.


The Information Commissioner noted that it has been a while since the local government chairmen were sworn in after a successful election and wondered why the PDP was threatening them just 24 hours after the violence in Rivers State.


He used the opportunity to debunk the allegation by the PDP that the elected chairmen were forced to submit resignation letters in case they fail to do the biddings of the governor


He also faulted PDP for claiming that Uzodinma had taken 50 percent of local government funds to finance the State electricity project, noting that all transactions regarding the project were transparent.


Describing PDP as a sore loser that never prepared for the election, Emelumba urged the party to approach the court for whatever redress it may seek as advised by President Bola Ahmed Tinubu.


He warned them against resorting to any kind of violence against the chairmen and the councilors who he said were democratically elected by their people in their respective local government areas.l

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