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 ELECTION: OPPOSITION PARTIES ON HOLIDAY, APC REMAINS PARTY TO BEAT- GOV. ABIODUN. (PHOTO). #PRESS RELEASE.

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 LG Election: Opposition Parties on Holiday, APC Remains Party to Beat-Gov. Abiodun


Ogun State Governor, Prince Dapo Abiodun has declared that based on the performance of his administration in the last five years, opposition parties are clearly unpopular and invisible in the forthcoming local government election.


The Governor added that the quality of candidates the ruling All Progressives Congress (APC) is presenting in the election would make it the party to beat with landslide victory in all the 20 Local Government Areas of the State. 


Speaking through his Special Adviser on Media and Communications, Hon. Kayode Akinmade, over the weekend, Prince Abiodun explained that his administration has changed the hitherto volatile political environment in the state and made it conducive for opposition parties to operate without hindrance or intimidation.


According to him, instead of the primordial machinery of intimidation, his administration has dwarfed the opposition parties in the state through sterling performance and creative ideas for development.


Governor Abiodun, therefore, urged members of APC in the state to show more commitment and work in harmony to sustain the feats already attained in the past years and ensure resounding victory during the November 16 local government poll.


"With the quality of candidates our party is presenting in the forthcoming local government election in the State, APC remains a part to beat; we have assiduously and consistently made remarkable impacts in the life of our people and this is indeed our selling point.


"Without going through the primordial route of physical intimidation of opposition parties, our administration has obviously silenced them by our intimidating projects, creative ideas and prudence, which have earned us a leading status among other federating units.


"It is now incumbent on every APC member across the 20 Local Government Areas to sustain the enviable feats our party have recorded in the last five years by showing more commitment and work in unison for the victory of our party come November 16," Abiodun said.

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