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 Lagos State Government has bagged an award as the best security and most safety conscious state in Africa.At the Award ceremony held in Johannesburg,South Africa and put together by the Security Watch Africa {SWA},the Rapid Response Squad {RRS} of Lagos State Police Command also emerged as the best anti-crime police squad in West Africa,while the RRS Commander,ACP Olatunji Disu took home the award of the most outstanding police operational officer in West Africa.The awards were presented to officials of the State Government at the 2016 lecture series of SWA organized in partnership with Security Institute for Governance and Leadership in Africa {SIGLA} and the University of Stellenbosch,South Africa.The lecture,which had the theme: ''Tackling Security Challenges in Africa's Land and Maritime Domains,'' was well attended by security experts and officials from across Africa.Lagos State and its officials,according to organizers of the awards,were honoured in recognition of the outstanding efforts and achievements in securing residents,especially the massive improvement on security architecture of the State.While receiving the award for the state on behalf of Governor Akinwunmi Ambode,Secretary to the State Government,Mr. Tunji Bello,thanked the organizers for recognizing Lagos State,saying that it was gratifying to note that the efforts of government on security were appreciated.''I want to assure this gathering that Governor Ambode is very much committed to the security of lives and property of the people of the State and he is not tired of daily improving on the security situation in the State.The Governor believes that businesses cannot thrive in an environment devoid of safety and security,hence the massive efforts and initiatives geared towards security,'' Bello said.
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