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

Image
  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

3 PEOPLE KILLED IN AN OIL PIPELINE EXPLOSION ON SUNDAY IN BAYELSA STATE.

                   Today tuesday,it was reported that three people were killed and several others wounded when an oil pipeline belonging to Italy's ENI exploded during repair works in the Delta region of Nigeria.The explosion happened in the Olugboboro community in Bayelsa state on sunday but bodies were only recovered yesterday monday after the fire was brought under control and seven people were reportedly wounded.Alagoa Morris who is an {ERA} activist said ''The news of another tragic incident in the oil industry which claimed three lives came to the Environmental Rights Action {ERA} as a great shock.We in ERA will not stop calling on the authorities and regulators of the oil industry to make safety and best practices the mantra of the industry,not just profit {seeking}''.The group and residents said workers hand been repairing the pipeline when it caught fire.There was no immediate comment from ENI.One more photo below.                                                                                       

Comments

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

SSANU, NASU THREATEN STRIKE OVER WITHHELD SALARIES. (PHOTO).