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 wednesday,the Secretary to the Government of the Federation {SGF},Babachir David Lawal,could not rule out the possibility of the driver that drove the late Minister of State for Labour and Employment,James Ocholi,from facing prosecution for over speeding and not owning a driver's license.Speaking with the State House correspondents at the end of the Federal Executive Council {FEC} meeting,the SGF said that the final report on the accident will determine if Elegbede will be prosecuted.He said ''As to the issue of whether we would prosecute the driver,yes,Nigeria is not short of laws,the problem is that Nigerians find it very difficult to obey the laws.There is a speed limit in plaace and so if anybody chooses not to obey the traffic laws,of course,it is subject to prosecution by the agencies concerned.But as to this particular incidence,i think we will leave it until the final report of the investigation comes out.But of course as we say accident is acident and nobody goes out deliberately to summersault and die,but as to allegations yo claimed from the family,we are not aware and anybody who has anything to the contrary,that they didn't die in an accident is free to report to the law enforcement agencies who will appropriately take it up.The government decided to give employment to the children of the late minister because he was the breadwinner and the children are now orphans.On the other hand,the driver survived and the government is taking care of their medical bills at the National Hospital and they are also government workers as some of them are policemen,SSS and others.So they are on salary and are treated free,but God forbid that had any of them suffered the same fate as those who died,the President would have willingly included them in the list of beneficiaries''.Ocholi,his wife and son had died in a car crash on sunday on Kaduna-Abuja road.An interim report of the Federal Road Safety Commission {FRSC} had claimed that the driver of the car,James Elegbede,was over speeding and had no driver's license.More photos below. 
Comments
Post a Comment