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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ACUTE FUEL SCARCITY,HITS OSUN STATE.

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                 According to sources,Osun state is experiencing what they described as acute fuel scarcity,meaning that it is so bad that most companies in the state short down.The scarcity began after petroleum marketers protested over the fact that they want a downward review of the pump price of fuel.After that protest,sources claimed that the Independent Petroleum Marketers Association of Nigeria {IPMAN} in Osun had since directed its members to stop lifting fuel.Virtually all filling stations along Gbongan Osogbo Road,including the NNPC Mega station had stop selling fuel since October 6,2015.

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