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 Governor of Lagos State,Mr Akinwunmi Ambode has urged Muslim faithful to sustain the spirit of love,brotherhood,tolerance and care which were dutifully demonstrated during the month of Ramadan.Governor Ambode,represented by his wife Mrs Bolanle Ambode at the Marina Waterfront,Oju Alaro celebration of Ramadan in Epe,reiterated the commitment of his administration to continually uphold and protect the rights of all citizens to freedom of belief and worship .According to him,''every religion preaches peace and harmonious co-existence among all people;we must continue to live by these principles so that our State and our Nation will continue to grow in peace,progress and prosperity''.More photos below.
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