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
Vehicles Inspection Services { VIS} of Lagos state,today arrested about 200 commercial bus drivers who have failed to register their vehicles as directed by the state government.The government gave commercial bus drivers 1 January dead line to register their vehicles.Lagos state chairman of the National Union of Road Transport Workers, NURTW,Tajudeen Agbede,had on monday appealed to the government to extend the ultimatum by two months.He ultimatum by two months.He explained that the extension would enable more drivers to comply with the directive.Abdulhafiz Toriola,state chief VIS officer said the arrest became necessary after the expiration of a two month ultimatum to the drivers.''we started the enforcement since January 1 when the ultimatum expired.This will continue except there is a contrary directive from the government.Most commercial motorists did not comply with the directive''.Abdulhafiz Toriola also urge all commercial bus drivers in the state to comply with the registration to prevent impounding their vehicles.''every commercial vehicle driver without the state's operation licence will be arrested''
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