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
In furtherance of Governor Akinwunmi Ambode's directves to ensure that Childs Rights are upheld and Child Abuse is eradicated from the State,over 300 parents were at the weekend engaged on key issues relating to Child protection and prevention.This was the focus at the first Lagos State one-day Parents Teachers Association {PTA} Conference on Child Abuse,organised by the Lagos State Domestic and Sexual Violence Response Team {DSVRT}.Coordinator of DSVRT,Mrs Titilola Vivour-Adeniyi,said the participants,drawn from both public and private institutions,consisted of members of various PTAs with Lagos State spanning over 100 schools drawn from Education District Six.She said that whilst law enforcement,religious institutions,social workers,school administrators,health workers,community leaders and other relevant stakeholders are being trained on how to appropriately respond to Child Abuse in the State,parents,who should usually be first responders must not be left out as they have a pivotal role to play in preventing and responding to Child Abuse.Vivour-Adeniyi said the parents were engaged in an interactive manner and empowered with information as to what Child Abuse entails,as well as the ramifications and importance of child's rights.She said, ''Parents were further informed of the signs to look out for if there is a suspected case of abuse,and steps to take if a child is indeed being abused.The provisions of the Lagos State Mandated Reporting Policy was also communicated to participants.Child abuse is indeed criminal and everybody is mandated to report actual or suspected child abuse to the relevant authorities.According to her,the utmost importance was the need for parents to be empowered with resources and contact details of relevant organisations to report to if relevant organisations to report to if there is an actual or suspected case of Child Abuse.The DSVRT Coordinator said participants after the Conference received booklets,pamphlets and other materials containing vital information.
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