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
This morning,at the popular Abattoir market in the Agege area of Lagos state,as officials of the state task force as well as police men attached to the Rapid Response Squad demolished shops and stalls in the market.many of the traders were seen gathering the few goods they could salvage.it came to our notice that these traders were given a notice, two months ago,they were also given another reminder last week Friday,they were again reminded and this morning when the squard got to the market,they allowed them to move their things before the exercise commenced.the traders said they would have moved but they thought the government would not go ahead with the demolition.
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