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 Governor,Mr Akinwunmi Ambode yesterday sunday said his administration has the capacity and will to fight all forms of crime and criminality,saying that it would not relent in its efforts until criminal elements have no hiding place in the State.The Governor who addressed journalists on the safe rescue of the Oniba of Iba,Oba Goriola Oseni,said in the last few weeks,there had been a coordinated onslaught by security agencies in the State against vandals and kidnappers,under the code name 'Operation Awatse',adding that the operation would continue until their activities are completely stamped out.The Governor,who spoke through the State's Attorney General and Commissioner for Justice,Mr Adeniji Kazeem,said that the kidnap of an Oba in Yorubaland was a sacrilege and a complete desecration of the culural values of the Yoruba race,which according to him,must not go unpunished.He said ''The arrest of these suspects is a clea warning to criminal elements that we value and cherish our Yoruba tradition ans will leave no stone unturned to ensure that it is protected from violation by those who have desecrated our values''.The Governor also commended the police and other security agencies for their all-round efforts in securing the release of the Oba and effecting the arrests of two of the suspected kidnappers,saying the Oba has since returned safely to his palace.''We are also pleased to announce that two of the kidnappers have been arrested and are here for everybody to see.The kidnappers are also prime suspects in the murder of two persons killed during the kidnap and they will face the full wrath of the law'',the Governor said.Respinding to questions from the journalists,the Lagos State Commissioner of Police,Mr Fatai Owoseni,said the sustained pressure and hot chaise given to the kidnappers led to the rescue of the Monarch.While responding to inquiries as to whether ransom was paid,Owoseni said ''We have always reiterated that it is not about whether ransom was paid or not.If it is about ransom,suspect will not be arrested and what i will say is that the pressure by the Lagos Command and the Special Response Team of the Inspector General of Police from Abuja,the combined efforts and pressure paid off and the most important thing is that Kabiyesi in his palace''.The CP added that the monarch was hale and hearty as at the time of his rescue,saying that he met personally with the monarch and debriefed him on his state of health.Besides,Owoseni debunked insinuation that the State Government abandoned the monarch to his fate during the period of the ordeal.He said ''As to whether the State Government did something or not,if you are seeing suspects being paraded,the security agencies are apparatus of government and that is to say that the government has worked very hard in order to get Kabiyesi liberated.''What we want to do is to also thank and appreciate the calmness and the understanding of the family who in the process of getting Kabiyesi out of the hands of the kidnappers have been very cooperative with us in order for us to get Kabiyesi ou hale and hearty.While being interviewed by journalists,the two arrested susoects said nine people were involved in the operation that led to the kidnap of the monarch.The two suspects-Isaiah Ododomu and Toba Forejo said they were iinvolved in illegal oil bunkering but were stopped from the business due to the renewed efforts of government against them,adding that they were arrested on saturday at Iyana School in Lagos.Narrating how the attack was carried out,Isaiah said ''I was involved in Illegal bunkering.As this government stopped bunkering,our leaders arranged another group and this mission of the new group was to start kidnapping and use it to manage ourselves since we can't do oil bunkering again.I am a married man,I don't have any job to do.We used to do security for those main guys and anytime they make about N500,000 they will give us like N20,000.''.More photos below. 
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