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
Ogun State Governor,Senator Ibikunle Amosun has urged Muslim faithful to continue to live in peace and unity as they celebrate the Eid-el-Fitri.In his Eid-el-Fitri message,the governor said as Muslims round up the 29-day Ramadan fast,they should not relent in practising the lessons,which Ramadan stands for,including unity and living in peace.''Ramadan in a period we increase our brotherhood and we know that it is only in unity that our prayers can be answered unhindered.We should therefore continue to live in unity at this critical time,when our nation is plagued with legion of challenges,such as kidnapping and unwholesome activities of herdsmen,which has brought untold hardship on many citizens''.he stated.He also urged them to continue to exhibit the virtue of discipline,which is one vital essence of the Ramadan fast.
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