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 sources,Some gunmen yesterday saturday attacked Lekki Gardens Estate,in the Isheri area of Lagos State and kidnapped four residents.The assailants entered into the community through the waterways around 8am and first shot sporadically into the air and the gang whisked away their victims in a speedboat.It was gathered that the residents were on an early morning jogging exercise when they were taken away.A community leader,who spoke on condition of anonymity,said the suspected militants had actually taken nine hostages,adding that only four were taken away because the boat could not take all the victims.He said ''The incident happened around 8am.The gunmen were between eight and 10 in number.They came in a speedboat and shot into the air for about five minutes.They kidnapped nine people and put them in their operational boat.But when they saw that the boat could not take all of them,they decided to go with only four.The operatives of the Rapid Response Squad were alerted and they responded to the situation.As I speak with you,the landlords are deliberating on the incident''.He explained that as of 8pm on Saturday,the families of the victims had yet to be contacted for ransom.A police source said policemen from the Lagos and Ogun states division visited the scene,adding that efforts were on to ensure the release of the victims.The police from Ogun and Lagos states were there to assess the situation because that place is a boundary area between the two states,' he said.The acting spokesperson for the Ogun State Police Command,Mr Abimbola Oyeyemi,confirmed the incident,but said the area was under the jurisdiction of the Lagos command.He explained that the Ogun police only supported with some of it operatives.
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