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
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OAU STUDENTS,PERFORMS THE ''ORO'' RITUALS FOR THE LATE OONI OF ILE-IFE,YESTERDAY.

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            I have been hearing of Oro all my life,but i really don't know what it really is,so yesterday wednesday the 12th of August 2015 some students of Obafemi Awolowo University {OAU},Ile Ife,gave us an insight on what the rituals is all about.The student mimicked the Oro festival just about the same time the traditionalists of Ile-Ife were also performing their rites on the passing of Oba Okunade Sijuwade.The management of the university had ordered the students to remain indoors yesterday wednesday in compliance with the directive of the council of chiefs of the Late Ooni of Ife,Oba Okunlade Sijuade.The Awara of Iwara Ife,Oba Layi Adereti on monday,10th of August,2015 said the Oro festival is the final rite of passage for the late monarch stating that wednesday between the hours of 9am and 4pm have been fixe for the final pronouncement of the demise of Ooni.Oba Adereti who is also the head of Oro cult in the entire Ile-Ife said that all residents of the ancient town whether male or female would remain indoor during the Oro rite.More photos below.                                                                                                                                        

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  1. Anonymous14 August 2015 at 03:43

    Good thing we still respect our culture

    ReplyDelete

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