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
Some pressmen said,Governor Fashola,who spokes at the All Progressives Congress,APC rally in Shomolu Lagos state,yesterday tuesday said ''The Yoruba need to have a rethink.Some Yoruba leaders have betrayed us the Yoruba because of money.This election is for freedom.And this was how it happened in the past which prompted the late Hubert Ogunde to sing one of his songs titled YORUBA RETHINK.The money is blood money and posterity will judge them for that action''.Fashola urges Lagosians to discard the IGP's directive and be ready to wait and ensure their votes were counted.''Cast your vote and stay where you can see how the voting process id going on.It is nor only the political parties that have interest in the election process.Citizens who aren't affiliated to any of the political parties also have interest in the outcome of the polls.Asking electorate to stay 300 metres away from the polling units is like asking one to stay away from the polling units three times the length of a football field.And one cannot see whatever is happening.Those who said that,planned to rig the election.The Electoral Act says that once the voting is completed in each of the polling units,the electoral officer must count the votes and announce the result to the residents.And that is how it is stated in the Electoral Law.If the residents are not there,who will the electoral officers announce the result of the election to?,stay close to the polling units and don't disrupt the election process''.
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