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 Gover,who spoke at the First Quarter 2016 Town Hall Meeting today,the third in the series,held at the Ikorodu Town Hall,Ikorodu,assured residents that once the MoU is signed,worrk would begin on the 4th Mainland Bridge,which according to him,would go a long way to boost the economy of Lagos East Senatorial District.He said ''Many investors have shown interest in the actualization of our dream for the 4th Mainland Bridge which will run from Ajah to Ikorodu to Isawo and berth at Ojodu,Ikeja back to the Ibadan expressway.By the grace of God,we will sign an MoU and commence action before May 29''.He said investors have equally shown interest in the redevelopment of the fish market to an international Fish Market and the redevelopment of inner roads in Epe and Ibeji-Lekki.Governor Ambode said the intention of his administration is to ensure that no part of the state is left undeveloped,expressing optimism that the Lagos East Senatorial District which used to be the economic hub of the state in the then Western Region will regain its position.To this end,Government will be relocating the Mile 12 Market to Imota.Work on this will commence next week.Our vision is to make the East Senatorial Zone economically viable and liveable''.We will not tolerate Okada on the road and i hereby emphasize that there is no more Okada on Mile 12 Ikorodu Road.Anyone caught flouting this directive will have their Okada impounded and we would prosecute such people as well before the court.I am ready to pay monetary compensation for information on hardened criminals as we proceed to make Lagos crime free.We are happy to report that crime rate has also reduced in the last three months''.Governor Ambode also used the Occassion to appeal to residents to continue to pay their taxes,take ownership of projects in their domain and support the government to achieve the policies and programmes aimed at ensuring a safe and prosperous Lagos.One more photo below. 
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