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
Head of service Mrs Modupe Adekunle,issued the threat wednesday during a briefing to mark the third year in office of Governor Amosun.She expressed dismay at government officials who had converted government quarters into either a guest house or provision store,stressing that illegal occupants will be ejected soon.From the report of previous verification exercies,it was discovered that some of these quarters are being occupied by illegal occupants in some cases,government quarters had been converted to guest houses and provision stores.This ugly trend must be addressed with all sense of seriousness.
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