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
Lagos State Governor,Mr Akinwumi Ambode today wednesday pledged his administration's commitment to make the first Annual Diaspora Festival in Badagry a major success,adding that a master plan that would prescribe strategies and programmes to boost the potentials of the ancient town was also underway.Governor Ambode,who spoke when he received a delegation of the first Annual Diaspora Festival led by the Senior Special Assistant t the President on Diaspora,Hon. Abike Dabiri-Erewa,at the Lagos House,Ikeja,said the Government remains committed to partnerships that would explore the tourism potentials of the ancient town and its environs.Welcoming the idea of the Diaspora Festival billed to hold in Badagry on August 23,2017,the Governor pledged his administration's commitment to expand the scope of the Festival in order to ensure that it becomes a major event in the State's tourism calendar every year.''This is a rebirth for us.I have always been looking forward to see what it is that I can do more to the Badagry axis,so I am excited that this delegation has been put up.I have visited Badagry more than five times,I have slept there,I have tried also to create a master plan of how to recreate the tourism potentials of Badagry and for this Festival to be the first that would be done,we would ensure that it would celebrate what Lagos actually stands for and we would strongly support it,we would partner and make sure that it is very successful,August is a good time and it brings greater things into focus.What I want to encourage you is that the planning should not just be for this year alone,we should have a framework that allows it to be sustained.I am also glad that this is happening when we are celebrating the 50th anniversary of the State and like I said,the anniversary is not ending on the 27th of May,it's the whole of 2017,so for this kind of proposal,for us to be able to bring the black race in diaaspora and we in Nigeria to come together,I think it's something that this government is ready to support'',Governor Ambode said.''I am here for three things,first to thank you for making us proud as Lagosians.Everyhere you go in the diaspora,the Governor has made our job easier because of the fantastic work he is doing.I am sure Your Excellency,knows there are many Lagosians in the diaspora excelling in their various field of endeavour and it is better to tell our own story ourselves that Nigerians are the most vibrant technocrat anywhere in the world,hence the need to celebrate ourselves in our land,'' Dabiri-Erewa said.She added that the visit by the delegation was to intimate the Governor on the Diaspora Festival in Badagry and seek ways of collaboration with the state Government to make the festival a success.More photos below.
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