INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

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  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
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JONATHAN ALLOCATES 3 DISTRICT FOR HOUSING TO WORKERS.

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    .        According to sources,President Goodluck Jonathan has directed that three Districts be allocated for housing schemes for workers in the Federal capital Territory {FCT}.It was announced taoday at the May day rally in Abuja.Alhaji Bala Mohammed,the Minister said ''Recently,the president commissioned more workers.Housing estates in the life of this nation,this can also be said in other sectors of the economy,such as health,education,among others''.The FCT minister said further that the FCT Administration recently gave out 200 plots as long service award to some  of its employers who served meritoriously.

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