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
SENATE WARNS OF TERRORIST INFILTRATION FROM MALI, BURKINA FASO INTO NIGERIA'S NORTHWEST AND NIGER STATE. (PHOTO).
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Senate Warns of Terrorist Infiltration from Mali, Burkina Faso into Nigeria's Northwest and Niger State
The Nigerian Senate has raised alarms over the infiltration of Lakurawa terrorists from Mali and Burkina Faso into northern Nigeria, including Kebbi, Sokoto, Kaduna, and Niger states.
This move follows similar warnings from northern leaders and calls for immediate military action, including enhanced early warning systems and collaboration with local communities. The Senate also commended the military’s response to insurgent activities while urging the government to assess damage and provide relief to affected areas. Meanwhile, in Borno, five soldiers were killed in an ambush by Boko Haram/ISWAP terrorists, with 30 insurgents neutralized in subsequent clashes.
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