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
Lagos State Head of Service,Mrs Ademola Olabowale has disclosed that the State Government has concluded plans to implement all requests made by the State Joint Negotiating Council for workers in the State including the commencement of the payment of bulk annual leave bonus for all the state government employees later in the year.The Head of Service added that the State Government has also approved the review of Staff Appraisal method,all aimed at maintaining a continued industrial peace in the State between the State Government and the varoius Unions within the public service.Mrs Olabowale made this disclosure on thursday at Year 2016 Bi-Annual Lagos State Public Service Joint Negotiating Council meeting held at Lagos Television complex,Agindingbi,Ikeja,adding that the periodic meetingg with the leadership of workers in the public service is a manifestation of the value government attaches to the welfare of its workforce.She stressed that effective dialogue between the two parties in the past had proven that many issues that could have led to explosive disputes,strikes and other forms of industrial action were avoided.In her words ''At the second quarterly meeting with the JNC held two weeks ago,the Governor of Lagos State,approved the elongated salary structure,commencement of the en-bloc payment of Laeve Allowance,provision of new utility vehicles for all the unions in batches as well as the review of the Staff Performance Evaluation policy involving promotion examination policy in the State Public Service.Government has equally increased the Staff Housing Loan Fund to N100 million from 50 million.The Governor also announced that the ongoing multi-story development at the old car park originally meant for use ads office block would now be converted into a Worker's Welfare complex housing a day care centre,staff cafeteria,recreational centre,staff cooperative store selling goods at discounted rates and penthouse office for the JNC amongst other amenities geared towards the well-being of Public Servants''.One more photo below. 
Comments
Post a Comment