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
According to the News Agency of Nigeria,four {4} World Bank officials have drowned at Egbe Dam in Rgbe Ekiti,Gbonyin Local Government Area of Ekiti State after their boat capsized.Egbe Dam is the biggest of the six dams in Ekiti State.Folasade Akinrinmola,the chairman of the council and the state police command confirmed the incident to journalist yesterday thursday.Mr Akinrinmola said the incident which occurred on wednesday night involved a team of seven contractors employed by the World Bank on an assessment mission to the dam.She said the team commenced work tuesday night from a section of the dam and that the incident happened when they moved to the other section on wednesday.She said the traditional ruler of Egbe notified her of the incident.''We immediately mobilised a rescue team and an ambulance,and in the process,those wearing life jackets were rescued.The rescued people were the ones who told us that others were in the water.The bodies of those that had drowned were later retrieved by the local fishermen.One of the dead victims was said to be the son of the leader of the team who providentially escaped unhurt.We belive that they came to Ekiti based on some of the proposals we had written on the dam on how it can be put to use.We believe that the World Bank has started work on the dam based on their findings''.
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