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
Nigerian Bottling Company was halted on friday by casual workers following the death of one of their colleagues whose name was given as Jerry Ayo.The angry workers completely shut the plant located at the Eyean in Uhunmwode Local Government Area of Edo state,while protesting the death of their colleague.They also barricaded the company's gate and setup bornfires joined by relatives of the deceased.The protesters alleged that 21 year old Jerry Ayo died of electrocution while at work.The protesters who prevented other workers from gaining access into the building,vowed to sustain the protest until the company issues a statement on what led to Jerry's death,because according to them,they had complained severally about electric leakages at the plant but that the management simply told them to go if they were tired of working.Jerry was employed as a casual worker at the Coca Cola plat on the 20 April 2015.His uncle Michael said Jerry left home healthy but was brought back dead.One of the casual workers who gave his name as Goodluck Osawe,said the deceased did not know that there were electric leakages in plant,adding that he was in coma and they did not tell us.Head of Public Affairs and Communications of the company,Uzo Odenigbo,who confirmed the death of Jerry in a statement,said the deceased died on the way to the hospital after a seizure while at work.The company's sympathy to the family and said investigation as to the cause of the incident has commenced.
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