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 accident occured today at about 9.45.am at Eku village,along the ever busy Benin Auchi highway.Governor Oshiomhole was on his way back to Benin city from his Iyamho village where he spent the christmas holiday.A peugeot j5 bus filled with tomatoes and plantain rammed into the Governor's flagcar from the opposite direction before swerving into a road side ditch.The Governor's car was badly affected but no injuries were sustained by both occupants of the peugeot J5 and that of the Governors.The peugeot J5 bus was following a truck that was,descending the Ewu slope when it suddenly veered off into the Governors lane from the opposite direction and directly on the Governor's vehicle,because of brake failure.
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