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
The Lagos State Government today friday debunked media reportd linking it to the demolition of Berger retail market,saying that the allegation was far from the truth.In a statement by the Commissioner for Physical Planning and Urban Development,Tpl. Wasiu Anifowose,the State Government described the media reports as figment of imagination of the authors.The demolition exercise was carried out on Wednesday and most traders denied being served contravention notices.While clarifying the position of the State Government,Anifowose said it was not the norm of the government to act in such manner,adding that before any demolition is carried out,all statutory notices are served.''While the reports in one breath claimed that the State Government was responsible for the demolition,it was also said that it was in compliance with a court judgment.The same report also alleged that an unnamed former Governor was behind the exercise,while still claiming that the land on which the retail market was located had been under global acquisition for years.Our story is that some of the market women came to the office yesterday saying that their market was being demolished,and after finding out from relevant agencies because I have not given any directive on demolition and having confirmed that our agencies were not involved,I told the market people that the demolition never came from us.We don't demolish without organising a stakeholder meeting with the concerned people and we also ensure that we give them enough notice,''' Anifowose said.He added that the last time the State Government carried out a demolition exercise was in January when lay-by was being constructed.''For the avoidance of doubt,the Lagos State Government hereby categorically deny involvement in the demolition exercise,'' Anifowose said.One more photo below.
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