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
Yesterday wednesday,a Coroner Oyetade Komolafe,concluded that T B Joshua's church Lagos Synagogue Church of All Nations {SCOAN}at Ikotu,should be prosecuted after a building collapsed and killed 116 people,most of them are identified as South African nationals.The Coroner said that ''The church must be investigated and prosecuted for not obtaining the relevant approval before embarking on the construction of the building.The church was culpable because of criminal negligence resulting in the death of the victims''.The Coroner's inquest was called to determine the circumstances of the collapse of the guest house for foreign followers of Joshua's Church on September 12,2014.Eighty one of the dead were South African visitors to the Lagos church.Though TB Joshua claimed the collapse was a sabotage,experts ruled out sabotage and said from their investigation,the guest house did not have permission and that the extra floors were being added to the building illegally.The Coroner also dismissed Joshua's claims in his ruling,which recorded that the victims likely died from multiple injuries,including fractured skulls,caused by the collapse.''The collapse was as a result of structural failures''.The Coroner also called for the prosecution of two engineers used by the church.The Coroner said further that the 32 witnesses called,Joshua was the only one that didn't turn up.''Among the individuals and organisations summoned,only Prophet TB Joshua refused to testify''.
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