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

AMBODE RECEIVES BEST PERFORMING NIGERIA GOVERNOR AWARD IN NEW YORK+VOWS TO RETAIN LAGOS AS INVESTORS HAVEN.{PHOTOS}.


      Lagos State Governor,Mr Akinwunmi Ambode at the weekend said the State was gradually emerging as the choice destination for investors,assuring that his administration would continue to work round the clock not only to become a shining example for Africans in Diaspora but retain the State as investors haven.The Governor,who spoke at the 2016 International Forum on African Leadership,where he ceived an award foe Best Performing Governor in Nigeria,organised by the African Leadership Magazine and held at the Regis Hotel,New York,USA,said since he assumed office on May 29,2015,efforts have been geared towards creating a conducive and friendly environment for investors and for businesses to thrive.Governor Ambode,who was represented by the Commissiooner for Wealth Creation and Employment,Mr Babatunde Durosinmi-Etti,apologised for his absence to receive the award,but said that he acknowledged the importance of the event hence his decision to send a powerful delegation including Durosinmi-Etti; the Commissioner for information and Strategy,Mr Steve Ayorinde,his Special Adviser on Overseas Affairs and Investment,Professor Ademola Abass; and his Chief Press Secretary,Mr Habib Aruna,to represent him.The Governor,in his remarks shortly after receiving the award,said the security and judicial reforms which he initiated at the commencement of his administration and the creation of the Office of Overseas Affairs and /investment were part of efforts to reduce the burden of bureaucracy and security concerns for would-be investors.While stating that the State is open for business,Governor Ambode assured would-be investors that government would continue to invest in security,job opportunity and infrastructure which are the tripod pon which his administration was built.He said that Lagos is also playingg a leading role in the Nigeria economy,and as such must not shy away in ensuring that it takes the lead as Nigeria restrategises to restructure its economy for greater prosperity.''Lagos as the fifth largest economy in Africa is like a country and with the momentum with which the state is moving.It is home to almost every religion,tribe and colour and accommodates the largest pool of black people all over the world,including Africa's richest man,Alhaji Aliko Dangote,who is from Nigeria and has a home in Lagos'',the Governor said..One more photo below.

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