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
Nobel Laureate,Professor Wole Soyinka and the Acting Chairman Economic and Financial Crimes Commission,Ibrahim Magu has identified Child Creativity as an essential tool in the fight against corruption.The duo acknowledged that children demonstrate acute awareness of what goes on around them as depicted in paintings and literary works dissplayed during the opening of ''A Thousand and One Faces of Corruption' Exhibition,themed 'Enhance the Heritage,Advance the Future' which held penultimate Saturday at the Freedom Park,Lagos Island.The Art Exhibition is the 2017 Vision of The Child {VOTC} project,occasioned as part of activities marking the 'Lagos at 50 celebration''.The Nobel Laureate wondered at the ignorance of those who believe that children challenge their creativity early in life and provide an outlet for those observations and feelings for which they sometimes seek the means of expression.In his remarks,Magu who declared the occasion opened,informed participants that apart from investigation and prosecution of offenders,the Commission is mandated to educate and enlighten the public on the evils of corruption,economic and financial crimes as ways to preventing their occurrences.He said he regarded the painting exhibition as one way of enlightenment,as some of the subjects of the paintings show the ways adult engage in corrupt practices and their effects on society. According to Magu,''my views of the Nigerian child.,from the across the plains,the hills,the forests and swamps of Nigeria are those of innocence and boundless creativity.However,like most of the older generation,many of our youths seem also to be trapped in cocoons of corruption,which have been built around them.However,Professor Soyinka's Vision of the Child project and the sheer breadth and depth of these paintings by these youngsters,demonstrate very well that our children have an acute awareness of what iss going on around them and are breaking free of the shackles of corruption''.More photos below.
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