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
Lagos State Governor,Mr Akinwunmi Ambode,his counterparts in Oyo and Osun states,Senator Abiola Ajimobi and Ogbeni Rauf Aregbesola today wednesday made case for huge economic empowerment for women and eradication of female genital mutilation.The Governors,who spoke in Ibadan at the opening ceremony of National Women Conference of the Oyo State officials Wives Association with the theme: ''The Ultimate Woman At A Time Like This,'' Said there was great need for women to be supported more than ever before especially at this current time of economic recession.While alluding to the aptness of the theme of the conference,Governor Ambode said the current economic situation had no doubt caused serious challenge on the managerial acumen of women,but that the men and the society must give them the necessary support to mitigate the impact of the economic realities of the moment.He said ''A time like this does not know the difference between men and women but women are known to be more resilient,more spiritual,more ready to face and succeed in difficult situations.Women are like magicians because they always make something out of nothing,.Even when there is no increase in the money for family upkeep,women are expected to do something'' notwithstanding the inflationary trend that has jerked prices above and beyond the level that we could have all imagined,'' he said.More photos below.
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