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
According to sources,the Delta State Government has postponed reopening of public primary and secondary schools in the state on Monday following the death of three school principals and a vice principal in a road accident.Public schools in the state were to resume Monday,March 27,following the suspension of the three-week old strike by teachers under the aegis of the National Union of Teachers {NUT},Delta State wing last friday.The accident which claimed the lives of the principals occurred along Benin-Sapele Highway,close to Mosogar Bridge along the expressway,involved a white Toyota Hiace bus with registration number BEN 552 PK.Identities of the deceased heads of schools and others who sustained injuries in the accident were yet to be made known as at the time of filing this report.They were said to be coming from Benin City,Edo State capital,where they went for a meeting of the association of secondary school principals which was to hold at Kwale in Ndokwa West local government area of Delta State when the ill-fated bus had a burst tyre.The development forced the Delta state government to declare Monday a day of mourning for the deceased head teachers.Delta State Commissioner for Basic and Secondary Education,Mr Chiedu Ebie,who announced Monday as day for mourning the deceased in a statement,regretted the death of the three principals and vice principal in a road accident.He said the ministry ''received the news of thei tragic and untimely death with great shock.The loss of these dedicated officers at the prime of their service to the state and the nation has created a huge vacuum that would be difficult to fill.Our hearts also go out to the other principals and Director of the Post Primary Education Board {PPEB},who sustained varying degrees of injuries in the accident''.
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