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 thursday,President Muhammadu Buhari who spoke at the National Executive Council meeting of the All Progressives Congress {APC} revealed that the government has saved over N3 trillion through its Treasury Single Account policy,while that the list of money recovered by government through the ongoing anti corruption crusade will soon be made public.The President also said it was regrettable that the nation failed to save for the rainy days when oil sold for above 100 dollars,pointing out that at the moment,about 27 states in the country are not able to pay the salaries of their workers as and when due.Buhari who expressed sadness over the violence that characterized elections in the country appealed to security agents in the country to try and give Nigerians the confidence to go out and perform their constitutional responsibility without molestation,adding that even though the leadership of INEC has been changed,he has shown that he has a lot of respect for them and the security agents.President Buhari describe as shameful the recent political killings in Rivers state as a result of the rerun elections ordered by the Court of Appeal,adding that more Nigerians have been killed in Rivers than another state in the country.On the fight against corruption,President Buhari said ''I was telling a British team that came to supervise the training team they sent that when i was in uniform,we took the perceived corrupt ones and put them in safe custody and quietly told them they were guilty until they can prove themselves innocent.But now under multiparty democratic system,i see some of them ride flashy cars,some of them have built estates here,but they are innocent until we can prove them guilty.This situation is true and you don't need to stress your imagination to find out.If you can find out,you discover that a level eight officer has five houses,while you,as a Permanent Secretary or Commissioner still living in a rented house.That is the credible thing to do now.We have to get credible evidence to carry our successful prosecution and get judgment from the judiciary.But effort is being made to give a list of recoveries in whatever currencies so far so that Nigerians will know that it is not all about long stories''.One more photo below. 
Comments
Post a Comment