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
The numbers of private universities in Nigeria increased from 51 to 60 as 9 more private universities was approved and issued license by the Federal Executive Council chaired by the Vice President of Nigeria,Namadi Sambo.The new universities are,The Augustine university,Ilara Lagos state,Chrisland university,Owode Ogun state,Christopher university,Mowe Ogun state,Hallmark university,Ijebu Itele,Ogun state,Kings university,Ode Omu,Osun state,Michael and Cecillia Ibru university,Orode Delta state,Mountain Top university Ogun state,Ritman university,Ikot Ekpene Akwa Ibom state and Summit university,Offa Kwara state.
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