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
The move is part of the determination of the State Government to expand technical and vocational studies to all divisions of the State and increase accessibility for intending students and entrepreneurs into the various technical colleges.The Executive Secretary,Lagos State Technical and Vocational Education Board,LASTVEB,Mrs Omolara Erogbogbo discclosed this during a courtesy visit by the members of the Lagos State House of Assembly Committee on Education to the Board.While briefing the House of Assembly members,Erogbogbo said LASTVEB was particularly delighted with performance of its students in the last National Business and Technical Examinations Board.While briefing the House of Assembly members,Eroogbogbo said LASTVEB was particularly delighted with performance of its students in the last National Business and Technical Examinations Board,NABTEB,examinations coupled with the increasing number of people seeking admission into the existing technical colleges in the States.She said, ''The demands for more facilities and equipment are on the increase.This truly reveals that technical college is gaining its rightful place and recognition,as people are now contributing their quota towards national development through acquisition of right skills.Acquisition of rights skills is just the way to go in our quest to solving unemployment problems in the State because we believe that vocational and technical schools should be given top priority to bridge the gap between the formal and informal sector'' he said.He noted that acquisition of skills does not exempt students,stressing the combination of formal education and skills create better job opportunities for prospective job seekers.He therefore urged all parents and guardians across the State to encourage youth engagement in technical and vocational education.
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