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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MILLIONS OF NAIRA WAS LOST AS FIRE BURNT TO ASHES,AWORI PLANK MARKET IN ABULE EGBA.

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•Vehicles burnt at the plank market in Abule-Egba           According to sources,it took over four hours for men of the Lagos state fire service to put out the fire which destroyed goods worth millions of naira,including three vehicles parked at a nearby mechanic workshop.Eye witnesses are claiming that the fire started from a waste plastic recycling shop before spreading to the plank market,but Comrade Bayo Babalola,one of the auditors of United Waste Recycling,Lagos state,discarded the claim.He insisted that nobody knew exactly where the fire started but commended the courage of the traders who have started reconstructions of the market after the fire incident.

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  1. Anonymous9 September 2014 at 03:42

    Very sad, pray this traders recover from these huge loss.Amen

    ReplyDelete

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