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
Ojodu Berger has been transformed from a rural like area to a suburb.Though they have very nice houses around the area but they lacked good roads and proper market structures and bus stops.So this morning security agents chased out all the buses loading around Berger market and their was heavy presence of security.A lot of people who used to enter bus from the popular Berger bus stop could not catch a bus stop because the bus drivers have all fled due to the presence of security.The Newly built Pedestrian Bridge with construction of Lay-bys,Slip road and segregated bus park at Berger along Lagos-Ibadan Expressway by the Lagos State Government which is to be commissioned tomorrow,Tuesday,May 16,2017.More photos below.
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