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
Today wednesday,21 inmates were freed by the Chief Judge of Lagos state Justice Oluwafunmilayo Atilade.The release was in exercise of the powers conferred on her under section 1 {1} of the Criminal Justice Release from Custoday Act Laws of the Federation of Nigeria 2007.Most of the inmates released were those who have spent more time than they would have if convicted of the crimes for which they are facing trial.Admonishing the lucky inmates,Justice Atilade urged them to keep away from crime and henceforth be of good behaviour.Justice Atilade said her visit to the prison to release inmates would be a continuous exercise.''Those of you released should henceforth be of good behaviour.The state government is committed to a crime free Lagos and any one found committing crime will be arrested and prosecuted''.The CJ also appealed to non-governmental organizations and other stakeholders working with the prisons authority to ensure that those released are properly re-integrated into the society.
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