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 PM News,Igbo traders in Lagos under the aegis of Igbo Traders in All Progressives Congress {APC} have urged the Lagos State Government to increase its interaction with them for better understanding.The traders made the demand in a communique issued at the end of its maiden meeting in Lagos at the weekend.They said increased government engagement with them would ensure better understanding of their needs and the challenges they were faced with at the various markets in the state.According to the communique presented by Mr Erondu Chinedu,the Co-ordinator of the meeting,the traders sought an end to what they called ''discrimination against the Igbos on levies and taxes at the various markets''.Thet also demanded for more inclusion of the Igbos in the political affairs of the state to give them a sense of belonging.Chinedu said the members of the association were law abiding and they would continue to relate harmoniously with the people of the state.Mr Ganiyu Ajose,a represntative of the APC at the meeting,commended the traders for declaring their support for APC and the State Government.He said the Igbos were part of the builders of Lagos and promised that the state government would continue to provide the right atmosphere for their business to thrive.Ajose said he was impressed by the large turn out of traders at the inaugural meeting,adding that this was an indication that the traders had actually aligned with the ruling party.He urged the traders to move beyond the declaration for the party and start working for the progress of APC in the state.''The Igbos are part of Lagos,we recognise you.I urge you to be resolute in your support for our party,the state government and our leader,Asiwaju Tinubu.We will do all our best to provide the atmosphere for you to succeed.We are partners in progress and we will work with you to achieve a greater Lagos,'' he said.Some of the markets represented by traders at the meeting included markets in Iyana Ipaja,Ajah,Apapa and Festac.
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