INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

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  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
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TOGOLESE PRESIDENT INSPECTS DANGOTE REFINERY TODAY+DANGOTE REFINERY CONFIRMS LAGOS AS THE PRIME INVESTMENT DESTINATION-AMBODE.{PHOTOS}.

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                    Lagos State Governor,Mr Akinwunmi Ambode today tuesday said the largest single line refinery in the world being developed at the Lekki Free Trade Zone {LFTZ} by Africa's richest man and business mogul,Alhaji Aliko Dangote is another confirmation that Lagos is a prime investment destination,saying that the project will positively change the face of oil and gas business in the West African region.Governor Ambode,who spoke at the LFTZ during an extensive inspection tour of the Dangote Refinery by the Togolese President.Mr Faure Gnassingbe,said the refinery eloquently attests to the fact that there is a positive investment climate in Lagos which has resulted in massive investor confidence.'#The Governor said ''This investment {Dangote Refinery} is one of the biggest in Africa today and will have a huge impact on the economy of not only Nigeria but the whole of West Africa region.This refinery,when completed,will be the largest single line refinery anywhere in the world refining 650,000 barrels of crude oil daily.Apart from creating jobs,this refinery will contribute immensely to solving the fuel supply challenge in the West African region''.The Governor expressed satisfaction with the level of work done on the project so far,saying that he was happy that a lot of progress had been made.He commended Dangote for his vision,doggedness and unwavering desire to contribute positively to the growth of the Nigerian economy,as well as his confidence in the Lagos economy.More photos below.                                                                                                                       

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