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 Lagos State Governor Babatunde Fashola {SAN} today tuesday 10th of December 2013,launched a law Enforcement Training institute.he also presided over a ceremony graduating 3311 people from the institute.the ceremony took place at the Sir Molade Okoya Thomas indoor sort Hall of the Teslim Balogun stadium,Surulere announced the creation of a law enforcement cadre in the state public service to ensure career progression for all the officers of the two agencies who have been absored as permanent staff.the Governor added that the new public servants will be entitled to all the benefits every public servant has including pension rights under the contributory scheme.we have created a new cadre of employment in the Lagos state public service.we have created the law enforcement cadre for you alone.the choice of posting will determine whether you go to LASMA or KAI.The Governor explained that the cadre has been designed to take cognizance of the various levels of academic qualifications that applicants may present.there will be threshold entry levels so that shool certificate holders do not lead graduates and we would encourage in service training so that you can rise fromn rank to rank untill you reach the pinnache of your career.Fashola underscored the need for the officers to rise up to expectations noting that as the state Government offers the incentives it also expects the officers to give something in return which is to ensure that they do the job with passion,pride,dignity and fear of God for the citizens who employed them.he charged the graduating officers to remember the event and the array of guests who have honoured them with their presence ensuring that they resist what ever temptation they come across and not to let themselves and their relations down.
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