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
In a recent interview with BBC World service Hausa,one of Africa's richest men Aliko Dangote,indicated that once his work in the establishment of an oil refinery in his homeland is set and complete,then he would consider revisiting his interest in making a move at buying Arsenal footall club.''When we get the refinery on track,i will have enough time and enough resources to pay what they are asking for.There were a couple us who were rushing to buy and we thought with the prices then,the people who were interested in selling were trying to go for a kill.We back tracked because we were very busy doing other things,especially our industrialisation.They are doing well but they need another strategic direction.They need more direction than the current situation,where they just develop players and sell them''.
Comments
Post a Comment