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
Lagos State Government today sunday urged residents to remain calm and vigilant in the wake of the torrential rain experienced in the State in the last few days.State's Commissioner for the Environment,Dr Babatunde Adejare,who spoke after inspecting areas affected by the flood in the State,allayed fears of residents,assuring that the Government has activated its emergency response system to respond efficiently where necessary.He said most of the flooding would recede after a period of time,attributing the cause to the high tide of the lagoon,sloing down the flow of rainfall water from drainage channels.''We are on top of the situation.The Government is concerned by the recent occurrences of flooding in some parts of Victoria Island,Lekki,Oniru and its environs and our emergency lines 112 and 767 are open 24/7 for residents to report any emergency situation,'' he said.Then the photos above and below are photos sent in by friends affected by the flood.More photos below.
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