INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).
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
THE ACADEMIC STAFF UNION OF UNIVERSITIES ASUU,YESTERDAYSAID IT WAS WRONG FOR THE FEDERAL GOVERNMENT TO CLAIM THAT OPPONENTS OF THE GOVERNMENT HAVE HIJACKED IT INDUSTRIAL ACTION.JONATHAN PROMISE TO RESOLVE THE LABOUR CRISES WHILE GRANTING AUDIENCE TO A DELEGATION OF THE NIGERIAN MEDICAL ASSOCIATION LED BY ITS NATIONAL PRESIDENT,DR OSAHON ENABULELE,AT THE PRESIDENTIAL VILLA ABUJA.JONATHAN REPORTEDLY ASSURED THE DELEGATION THAT HIS ADMINISTRATION WOULD TAKE NECESSARY ACTION TO ENSURE THAT THE RIGHT CONDITIONS WERE CREATED FOR NIGERIAN MEDICAL PROFESSIONALS TO STAY AT HOME AND AVAIL NIGERIANS OF THEIR SKILLS AND EXPERTISE INSTEAD OF MIGRATING TO OTHER COUNTRIES.THE PRESIDENT ALSO PROMISED THAT THE FEDERAL GOVT WOULD EXPLORE THE OPTION OF CREATING A SPECIAL INTERVENTION FUND THAT WOULD FACILITATE THE RAPID ESTABLISHMENT OF MORE CENTRES OF MEDICAL EXCELLENCE ACROSS THE COUNTRY.
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