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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CABINET RESHUFFLE: AMBODE DROPS COMMISSIONERS FOR TOURISM,FINANCE & TRANSPORTATION.

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Image result for ambode                   Lagos State Governor,Mr Akinwumi Amode on wednesday effected a reshuffle of his cabinet,with the dropping of the Commissioners for Tourism-Mr Folorunsho Folarin-Coker; Finance,Dr. Mustapha Akinkunmi and Transportation,Dr. Ekundayo Mobereola.This development comes exactly one year after the Governor constituted his Executive Council,precisely on October 19,2015.In a statement signed by the Secretary to the State Government,Mr Tunji Bello,the Governor also directed the Special Adviser,Arts and Culture to take over as the Acting Commissioner for Ministry of Tourism and Culture,Special Adviser on Transportation will take over as Acting Commissioner for Transportation while the Permanent Secretary in the Ministry of Finance takes over as the Acting Commissioner for Finance pending the appointment of new Commissioners in the respective ministries.The Statement adds that the Governor expresses his appreciation to the former Commissioners for their service to the State and wished them well in their future endeavours.
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