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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GROUP CALLS ON DELTA SPEAKER TO EXPLAIN PREYOR'S SUSPENSION. (PHOTO).

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 Group Calls on Delta Speaker to Explain Preyor’s Suspension


The Concerned Citizens of Bomadi Constituency have called on the Speaker of the Delta State House of Assembly, Rt. Hon. Emomotimi Guwor, to provide clear reasons for the suspension of Mr. Oboro Kenneth Preyor, the member representing the constituency.


On Tuesday, the Delta State House of Assembly suspended Preyor for 14 legislative days over allegations of gross misconduct.


However, in a statement issued by Engr. Franklin Miebi Garry, the group expressed concern over the suspension, with many questioning the basis for the decision. 


The statement reads: “As the Governor prepares to present the 2025 budget proposal to the State Assembly, attention now turns to the circumstances surrounding Preyor’s suspension. In the interest of accountability and transparency, the Speaker must offer a clear explanation for the actions taken against Preyor. The people of Delta State deserve to know what is meant by ‘gross misconduct’ in this case.


“What specific actions or behaviors led to Preyor’s suspension? Were there any prior warnings or disciplinary actions before the suspension? How does the Assembly define ‘gross misconduct,’ and are these guidelines publicly available?


“We urge the Speaker to address these questions comprehensively, ensuring that the public understands the rationale behind Preyor’s suspension. Transparency is vital to maintaining public trust in the Assembly’s decision-making.


“The people of Bomadi Constituency deserve to be represented in the discussions surrounding the State budget, and we call on the Speaker to ensure that our representative is included in these important discussions.”

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