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
The Lagos State Government has expressed its condolences over the death of construction site workers who lost their lives on tuesday as a result of the collapse of a five storey building under construction on Kushenla Road,Ikate Elegushi,Lekki.In a press release issued on wednesday and signed by the Commissioner for Information and Strategy,Mr Steve Ayorinde,the Lagos State Government also announced that based on preliminary reports and investigation,it was discovered that the collapsed building was served contravention notice for exceeding the approved floors and thereafter sealed by the Lagos State Building Control Agency.It added that it had also been discovered that in a brazen act of defiance and impunity,the owners of the building,Messrs Leekki Worldwide Estatee Limited,the promoters of Lekki Gardens,criminally unsealed the property and continued building beyond the approved floors until the unfortunate incident of tuesday which has led to loss of lives.The statement added that arising from the Lagos State Executive Council meeting decision yesterday wednesday,the State Government will no longer tolerate the action of unscrupulous owners and builders who challenge its supervisory control thereby endangering the lives of Lagosians.The Stat Government has consequently directed the suspension of work at the site and ordered the Lagos State Police Command to cordon it off as it is now a crime scene.The government also directed further integrity tests be carried out on every other construction project which has or is currently being handled by Messrs Lekki Worldwide Estate Limited in the interest of public safety.Furthermore,the release quoted the Lagos State Governor,Mr Akinwunmi Ambode as saying that all directors of Lekki Worldwide Estate Limited are strongly advised to submit themselves to the Lagos State Commissioner of Police within the next twenty four hours in their own interest or face immediate arrest.The statement also commended the timely response and remarkable intervention by the combined men of thr Lagos State Emergency Authority {LASEMA},the Lagos State Fire Service,Lagos State Ambulance Service {LASAMBUS},Red CrossNational Emergency Agency {NEMA},Lagos State Building Control Agency and the Rapid Response Squad {RRS}.The Lagos State Government also warned that it will no longer be business as usual stating that any developer either on existing or new building projects who fails to comply with building and construction regulations or attempts to subvert the law will henceforth face criminal prosecution.Other sources claimed that more than 30 people died in the building collapseMore photos below. 
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