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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FHC ISSUED AN ARREST WARRANT FOR DANA AIR MANAGING DIRECTOR, AFTER HE FAILED TO APPEAR IN COURT FOR TRIAL. (PHOTO).

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 A Federal High Court in Abuja has issued an arrest warrant for Dana Air Managing Director, Hathiramani Ranesh, after he failed to appear in court for trial. 


Justice Obiora Egwuatu granted the order on Monday following an application from the Attorney-General of the Federation, Lateef Fagbemi, who filed six charges against Ranesh and two others.


The judge directed that Ranesh must appear in court on January 13, 2025, before any preliminary objections will be considered.

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