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 sources,she was given an Ikenga Award in Enugu during the Easter break,in recognition of her contribution to the development of the aviation sector as minister.Oduah said ''It is a privilege,like i said,to serve Nigeria,to serve my nation.....a country where you have 170million people and you were given the opportunity to serve and make a difference,you leave a foot path behind,it is not easy,it is an honour and i am very greatful to Nigerians.I believe he {her successor} would follow the master plan to the letter,and really,anybody that does contrary to that is doing a disservice to the Nigerian people and there must be a continuation of the development of the development of the aviation sector.It must be manstreamed.President Goodluck Jonathan has started mainstreaming and that should continue because we do this for a very well developed aviation sector and if you look at it really,aviation is employment generally and contributes to nation's GDP,so why would it not be given priority?.It should be given priority and the president is doing that''.
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