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,today thursday,joined other leaders and stakeholders of the ruling All Progressives Congress {APC},in the South West geo-political zone for a crucial meeting at the Government House,Agodi,Ibadan,Oyo State.Addressing Journalists after the closed door meeting,which lasted for over four hours,former Governor of Ogun State and one of the leaders of the party,Chief Olusegun Osoba disclosed that ''in the South West zone of APC,there is unity of purpose''.While revealing that the leadership of party is one,Chief Osoba disclosed that South West leaders of the APC ave decided to re-assert themselves as the leader of the progressives in the country for the betterment of Nigeria.Chief Osofa further informed that the meting critically examined issues affecting the South West geopolitical zone and resolved that moving forward,there will be constant consultation with South West Governors for the development of the region.''We have reviewed all the issues after due consultations with all our National Assembly members and leaders at the party level and we have agreed to work in unison,'' Chief Osoba said.Other governors at the meeting include Mr. Akinwunmi Ambode,Lagos; Ogbeni Rauf Aregbesola,Osun State and the host Governor,Senator Abiola Ajimobi of Oyo State.Also present at the meeting were the National Leader of the Party,Asiwaju Bola Ahmed Tinubu,former interim National Chairman of the party and former Governor of Osun State,Chief Bisi Akande,former Governor of Ogun State,Chief Olusegun Osoba,former Governor of Osun SState,Chief Olagunsoye Oyinlola,Senate Chief Whip,Senator Olusola Adeyeye and Majority Leader of the House of Representatives,Hon,Femi Gbajabiamila.Others include the Minister of Information and Culture,Alhaji Lai Muhammed,his Finance,Solid Minerals,Communications and Power,Works and Housing counterparts,Mrs Kemi Adeosun,Dr. Kayode Fayemi,Barrister Adebayo Shittu and Mr. Babatunde Fashola respectively.
Comments
Post a Comment