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 the Director General of National Agency for Food and Drugs Administration and Control {NAFDAC},Dr Pual Orhii,made these case known at a press briefing on activities of the agency at the Oshodi branch in Lagos.He said ''We wonder how some people can be so callous to make money out of the situation despite this deadly disease called Ebola.The most troubling is the case of Mr James Nnaji of 116,Oguta road,Onitsha,who imported expired brands of hand sanitisers through NAHCO Lagos.The products were soft care natural,soft care lemon,soft lavender,soft care apple,all of which had expired in December 29,2012,two years ago,but yet found their way into the country.The suspect was trailed and apprehended by the agency and upon interrogation he claimed that one Mr Lateef Bamisedun,supplied him the kits from Canada.The danger associated with the use of sub-standard hand sanitisers and untested Ebola test kits is indeed grave and could derail all efforts put in place to contain the spread of the Ebola virus disease in the country''.Hr further warned the general public not to patronize such unregistered and fake test kits and to report and suspected cases of fake and unregistered regulated products to the nearest NAFDAC office. 
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