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
According to eyewitnesses,a container fell and crushed a fully loaded commuter bus,killing all the passengers of the bus today friday afternoon in Ogunstate.The incident occurred on Sagamu/Benin expressway at Llishay,very close to Sagamu junction.The occupants of the bus were mainly students of the Olabisi Onabanjo University,OOU Ago Iwoye,who were said to be on their way to Lagos.Eyewitness said the truck driver drove against traffic and the bus driver collided with the truck and killed all the occupants including the bus driver.The remains of the deceased have been taken to the mortuary at the Olabisi Onabanjo University Teaching Hospital,OOUTH,Sagamu.
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