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
The newly built Fela {Kuti} Effigy at Allen Round About Ikeja by Lagos State Government is now the center of attraction around that environment and the yellow gold statue is no doubt making a statement though someone in my car said it looks like a big scare crow.In Ojodu Berger,the entry point into the State,a Foot-like Statue was also erected.The significance of the Statue is to encourage youths to put their best foot forward and to know that every journey to success starts with a step.The foot and the Fela Effigy os part of the urban regeneration to beautify and celebrate Lagos @ 50 as well as promote the cultural heritage of the State by the Lagos Government.More photos below.
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