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
Senate President,Dr Abubakar Bukola Saraki,today sunday,congratulated Mrs Funke Egbemode,on her re-election as the President of the Nigeria Guild of Editors {NGE},during the guild's Biennial Convention in Lagos.Saraku,in a statement by his Special Adviser,Media and Publicity,Yusuph Olaniyonu,in Abuja,noted that the choice of Egbemode,who is the Managing Director and Editor in Chief,New Telegraph Newspapers,is a clear testimony that she has successfully justified the confidence reposed in her by her colleagues in the past year.Saraki said:''I can only admonish her to work harder to extend the frontiers of her achievements as the President of the NGE.Her return unopposed is a fitting tribute to the fact that her contributions have been recognized.As they say: ''the reward for work well done is the opportunity to do more''.He also lauded the NGE for the peaceful and transparent elections while urging the body to collaborate with the Nigeria Union of Journalists NUJ} and other critical stakeholders to rid the journalism profession of quacks and imposters whose activities daily undermine the credibility of the true professionals.As Tijaniya's worldwide celebrate 31st Maoulud of Shiekh Ibrahim Niyas,Sheik Ahmah Tijani Kaolak,to my late father's mausoleum.Baba was a major supporter of the Tijaniyah Movement during his lifetime.We are grateful for the visit and prayers.More photos below.
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