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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OUR ORDER STOPPING PDP'S CONGRESS IN ABIA STILL SUBSISTS- COURT RULES. (PHOTO).

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 Our order stoping PDP’s congresses in Abia still subsists – Court rules


Abia State High Court, Bende Judicial Division, presided over by Justice C.U. Okoroafor, has told the Peoples Democratic Party (PDP) that its earlier order restraining the party from holding state, local government and ward congresses in Abia State has not yet been vacated.


The court order, which is dated October 25, was pursuant to the suit marked HB/3/2024, filed by Francis Etuzu, Chidindu Kalu Kalu, and Enyinnaya Ogbu.


The court also ordered that contempt proceedings be served on the PDP National Secretary, Senator Samuel Anyanwu; Abia PDP Caretaker Committee Chairman, Alwell Asiforo Okere; and the Caretaker Committee Secretary, Kenneth Madubuike.


Defendants in the suit include the PDP (excluding the claimants), the National Chairman of the PDP, the PDP National Financial Secretary, the PDP National Organizing Secretary, and the PDP National Legal Adviser.

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