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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PRESIDENT TINUBU DECRIES VIOLENCE IN RIVERS, DIRECTS POLICE TO PROVIDE SECURITY TO LOCAL GOVERNMENT OFFICES. (PHOTO). #PRESS RELEASE.

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 STATE HOUSE PRESS RELEASE


PRESIDENT TINUBU DECRIES VIOLENCE IN RIVERS, DIRECTS POLICE TO PROVIDE SECURITY TO LOCAL GOVERNMENT OFFICES


 President Bola Tinubu has called on Governor Siminalayi Fubara, political leaders and their supporters in Rivers State to exercise restraint and uphold the rule of law.  


 In response to recent tensions following last Saturday’s local government council election, the President expressed deep concern over reports of arson and explosions in the state.  


He urged all political actors to de-escalate the situation and discourage their supporters from engaging in violence or destructive actions.  


President Tinubu directed the police to restore and maintain peace, law, and order immediately.  


 While instructing law enforcement agencies to bring the situation under control, he emphasised the need to ensure the security of public institutions. 


President Tinubu said government facilities built with public funds must be safeguarded from vandalism.


 He stressed that self-help has no place in a democratic system, especially after 25 years of continuous democracy.  


According to President Tinubu, the judiciary can settle all political disputes, and the outcome of this election should be no exception.  


 


Bayo Onanuga,


Special Adviser


(Information & Strategy)


October 7, 2024

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