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
Ogun State Governor,Senator Ibikunle Amosun,yesterday thursday signed the Twenty Seventeen Appropriation Bill into law.Speaking while signing the bill at his Oke Mosan office,the governor assured that inspite of known challenges,government would strive to achieve Hundred percent implementation of the budget.The governor also seized the occasion to suggest to the leadership of the House led at the signing ceremony by the Speaker,RT.Hon Suraj Adekunbi ,that a date be fixed for the budget presentation,I hope we can get to a situation where there can be a fixed date for budget signing too,''Governor Amosun said.
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