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 it was reported how a Lagos State Traffic Management Authority {LASTMA} official Prince Sunday Segun Shenuga was knocked down to death on the third mainland bridge while trying to assist a man whose vehicle broke down.The motorcyclist also suffered arm fracture,and he is at Gbagada General Hospital,while Shenuga who rode a LASTMA motorcycle was rshed to the Lagos State University Teaching Hospital {LASUTH},Ikeja where he died.LASTMA General Manager {GM},Bashir Briamah described the incident as sad,adding that the late Shenuga's remains had been buried.LASTMA footed the hospital and funeral bills of Shenuga and Bashir Braimah appealed to motorists to see LASTMA officials as fellow human beings.
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