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
The workers were said to have blocked the main entrance to the station located along the Benin/Lagos bypass.A detachment of anti-riot policemen were however called by the management of the station to forestall any breakdown of the law.It was gathered that the protesting workers put at 50 of AIT and Raypower,were owed salaries spanning between 12 and 17 months.One of the protesting workers who did not want his name in print for personal reasons,said newly employed staff of AIT were being owed 12 months while old staff were yet to be paid salaries between 13 months and staff of the Raypower FM,the Radio arm of the broadcast outfit were owed 17 months.Chairman of the organization,Raymond Dokpesi {Jnr} was said to have spoken to the protesters on phone.He allegedly appealed for calm,assuring them that the management will within one week do everything possible to pay parts of the salary arrears.He however allegedly threatened to pay off any of the staff that decided to resign from theestablishment.Some of the staffs were saying ''Look at were our station is located,in another village so far away from Benin city.You have to chatter a taxi cab for not less than N500 to get there if you miss the staff bus.And not even every cab driver will agree to go there because of the wrong location of the station,yet,they expect us to be there everyday,whether you have anything to do or not''.
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