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 on sundy counseled the youths in the State on the need to embrace hardwork,saying that such was important to be successful in life.Governor Ambode,who spoke in Epe during the ongoing One Lagos Fiesta,an annual end of the year revue put together by the State Government,said it was important for the young ones to cultivate the habit of working hard,as such would go along way in making them to achieve their dreams.While recalling his days growing up in Epe,the Governor said he became the Chief Executive Officer of Lagos State through the grace of God and hardwork,assuring that as government,his administration would continue to create the enabling environment for the youths in the State.He said ''What I want to tell all of you is that we believe so much in all you;we know that you are our future; I also started from here and today by the grace of God,I happened to be your Governor andd so there will be many more Governors from this crowd.But if you want to be a President;if you want to be a Governor; if you want to be a Doctor or you want to be a lawyer and so on,you must now work hard.So,even when you work hard,our duty as government is to provide the enabling environment for all of you and so we are going to create more jobs for our youths and also we will create more facilities so that you crave on your talents to become more creative''.Besides,the Governor said as a means of helping the youths to achieve their dreams,the State Government has already created the Employment Trust Fund {ETF},and urged them to take advantage of the fund..More photos below.
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