INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

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  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

45 FILING STATIONS IN KANO,SHUT DOWN TODAY FOR SELLING ABOVE PUMP PRICE.

                 I just got an information that the Department of Petroleum Resources,DPR in Kano,has clamped down on 45 filing stations for selling petroleum products above regulated pump prices,mutilation of dispensing pump,diversion,hoarding and under delivery of petroleum products,especially the Petroleum Motor Spirit,PMS.DPR Zonal Operation Comptroller incharge of Kano and Jigawa,Alhaji Isah Tafida warned those smuggling PMS from Niger Republic and other neighbouring countries to desist from such criminal act,saying that DPR will not hesitate to hand them over to security agencies for proper prosecution if caught.He also carried journalists along in the surveillance exercise conducted today thursday state that out of the 45 filling stations found wanting,23 sold PMS above approved pump price,four were closed down for hoarding and five were shut down for diversion.12 filling stations were sealed for using faulty pumps.He said the 36 filling stations sealed uo will pay the sum of N100,000 each with a written agreement that such offence will not be committed again.He also said any filling station found guilty for the second time will be closed down for three months and it attracts the penalty of N200 per litre.He noted that the exercise is ongoing in line with the decision of President Muhammadu Buhari to sanitize the Petroleum industry.

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