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
Anambra FRSC recalls officials caught sleeping on duty.The Federal Road Safety Corp,FRSC has recalled its personnel,who were pictures allegedly drunk during working hours in Anambra state.A statement by the head,Media Relations and Strategy of the Corps,Bisi Kazeem,said the alleged marshals,whose photographs were taken at Tarzan junction,close to Onitsha have been identified as operative of the Corps from Nteje Unit Command under the Anambra State Sector Command.He said that the marshals were deployed for traffic control and monitoring for the Easter Special Patrol at Tarzan junction close to Onitsha.''They have been recalled for administrative and disciplinary action at Anambra State Sector Command,Awka,being the Command that supervises the affairs of the Njete Unit,where they served on the directive of the Corps Marrshal,Dr Boboye Oyeyemi,who abhors indiscipline in all ramifications''.Appropriate disciplinary actions will be taken against them as soon as the administrative panel dispenses with their case,said Kareem.
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