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
Today monday Governor Ambode swears in Commissioners,Special Advisers,with a charge on them to work round the clock and ensure that the state fulfils its potentials.Speaking at the well attended ceremony held at the Adeyemi Bero Auditorium Alausa Secretariat,Governor Ambode reminded the new appointees that their primary allegiance is to the people of the state,irrespective of creed and colour urging them to dedicate themselves to the service of the state.The Governor said that the state is currently experiencing rapid urbanization and thus requires hard thinking solutions to develop befitting infrastructure to cater for the increasing population.He said ''My fellow colleagues in the cabinet,Lagos is on the brink of greatness and you have all been given this platform to write your names in gold.You must work to leave a legacy that will be spoken of in glowing terms in years to come.The challenges that comes with the boisterous profile of the state as one of the world's fastest growing cosmopolitan city state are as many as the opportunities that abound in it.We have all the ingredients to compete globally in all sectors,and we must.We owe it to the people of Lagos and to ourselves.You are today,being handed the reins to the government of Lagos state and together,we must fullfil the massive potentials of our state''.More photos below. 
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