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
Ogun State Governor,Senator Ibikunle Amosun,on Sunday,joined other well wishes to celebrate the life of His Eminence,Primate Omolaja Olorunwo as he celebrates his 80th birthday in Lagos.While thanking God for the good health that Primate Olorunwo enjoys even at his age,the Governor said such runs in the family of the Primate.The governor prayed that God continues to bless Primate Olorunwo with long life and good health while urging him to continue on his selfless service to humanity.
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