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 has restated his commitment to protect and secure the lives and property of all residents of the State regardless of Location,stressing that increased attention would be paid to suburb areas of the State,The Governor said construction of the Police post in Ayobo-Ipaja,a Lagos suburb,was undertaken to combat robbery around boundary communities,stem the menace of land grabbers and confront security challenges around inter-state boundaries.Ambode,represented by the State Commissioner for Special Duties and Inter-Governmental Relations,Hon. Seye Oladejo,said that the completion of the police post will provide an enabling environment for the police to effectively perform the duty of stemming the menace of criminals such as armed robberies,kidnapping,rape,cultism and gang war among others in and around the community.According to him,''The determination of this administration to ensure a well secured State that will be unsafe for criminals and their allies had informed the huge investment on security related issues,like the provision of modern security equipment,vehicles and structures to strengthen the crime fighting capacity of security agencies,as well as ensure their mobility within the nooks and crannies of the State''.More photos below.
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