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
According to a national newspaper,the Legal Defence and Assistance project {LEDAP},has slammed the Lagos State Government for violation of a court order which banned the collection of tolls on the Lekki Ikoyi link bridge.Mr Chino Obiagwu,the National coordinator of LEDAP,said ''Despite the order of the court,toll fees are still being collected from motorists on the bridge.The judgement of court was issued in the presence of lawyers of the state government.The Attorney General of the state Mr Ade Ipaye said at a press conference after the judgement that the government will appeal against the judgement.Such excuse is not a reason for disobeying the court order.The primary condition of constitutional Democracy is that Judgments and orders of court must be complied with by all persons concerned,including the government.It is regrettable that the Lagos State Government,governed by the major national opposition party,will flagrantly disobey court order,and continue to collect toll on the Lekki Ikoyi bridge.The conduct of the government in this regards smacks of impunity and a complete disregard for the rule of law''.He also went ahead to say that ''The people must stand to resist abuse of power by public officials''.My question is these,is't not Tax money they use in building all these toll gates in Lagos?,so why pay for what has been paid for already. 
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