INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

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  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
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GOVERNOR OBIANO HANDS OVER AGULU LAKE HOTEL TO GOLDEN TULIP ON TUESDAY.{PHOTOS}.

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Image may contain: one or more people and people standing             Barely one month after launching the $2 billion Anambra Airport City Project at Umueri that would be funded and constructed from start to finish by the Chinese,Governor of Anambra State,Chief Willie Obiano,has sealed another business deal with the Golden Tulip Hotel Group,which is the third largest hospitality group in the world,with head offices in Switzerland.The latest agreement is over the management of the idyllic Agulu Lake Hotel Resort,which Obiano inherited from his predecessor,former Governor Peter Obi.The 100-room tourism showpiece is nestled in the verdant green slopes beside the famous Agulu Lake in Aniocha Local Government Area of the state.The agreement signing,which took place on the foregrounds of the hotel in Agulu,symbolised two important developments in Anambra State.In the first instance,it marked the entry of a major multinational player into the tourism and hospitality industry in the state and served  as a signpost to the growing confidence of foreign investors in its local economy.Its second significance was that it left no one in doubt that Anambra's rating as Nigeria's safest state was not empty sloganeering.These two perspectives tell a compelling story of the emerging Anambra.Coming on the heels of the recent entry of the Chinese with an airport city project that promises to dwarf anything of its kind in all of West Africa,Anambra's intention of becoming a new,important destination in Nigeria is no longer in doubt.Speaking at the handover and agreement signing ceremony in Agulu on tuesday,the Governor applauded the arrival of the Golden Tulip Group as an important development in the history of the state.More photos below.
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