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
In line with the state government's commitment to the welfare of retired civil servants/ pensioners from the State Public Service,Governor Akinwunmi Ambode has disclosed that a total sum of Two billion six hundred and ninety eight has been earmarked for next year budget for the construction of Ederly Care Centers across the five administrative division of Lagos.He said,the Elderly Care Centers,which will be constructed at Ikorodu,Badagry,Epe,Alimosho and Lagos Island,was a demonstration of hi administration's commitment to the welfare of the senior citizens in appreciation of their contributions to the development of the State and the Nation while in active service.Governor Ambode stated this at this years Lagos State Senior Citizens/Pensioners Day celebration,organised by the State Ministry of Establishment,Training and Pensions at the Vantage Point Event Center,Acme Road,Agidingbi,Ikeja,saying the desture was to reassure them that their relevance in the society did not end on the day of their retirement from public service.Speaking through his Deputy,Dr.Idiat Oluranti Adebule,Ambode noted that his administration has shown genuine commitment to the worker's welfare including retirees right from the inception through regular payment of salaries of those in active service and prompt payment of retirees benefits especially those that have accrued over the years.He informed the Retirees/Senior Citizens that his administration had earlier paid a total sum of Twenty one billion,nine hundred and twenty nine Naira as accrued pension rights to Five thousand and twenty seven retirees,while another One billion and five Naira intervention fund was also approved for the payment of the outstanding gratuities and accrued pensions to Local Government retirees and the balance of One hundred and two percent pensions arrears.While describing the theme of this celebration: 'Take a Stand Against Ageism' as instructive and appropriate,the Governor deplored the increasing discrimination and prejudicial attitudes towards older old age and aging process in the society.
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