INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

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  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

"WE ARE FAIR- MINDED AND WILL ENSURE JUSTICE" – VP OSINBAJO AFTER SUBMITTING INVESTIGATIVE REPORTS ON SGF/NIA-GD TO PRESIDENT BUHARI.{PHOTO}.

Image may contain: 5 people, people smiling, people standing and indoor          TRANSCRIPT OF VICE PRESIDENT’S REMARKS AFTER SUBMITTING A REPORT FROM THE INVESTIGATION COMMITTEE ON THE ALLEGATIONS AGAINST THE SUSPENDED SECRETARY TO THE GOVERNMENT OF THE FEDERATION (SGF), BABACHIR LAWAL, AND THE DIRECTOR-GENERAL OF THE NATIONAL INTELLIGENCE AGENCY (NIA), AYODELE OKE AT THE PRESIDENTIAL VILLA, ON AUGUST 23, 2017
Q: Your Excellency, you have just submitted a report Nigerians have been eagerly waiting for, to know the details, can you give us a brief of what is contained in your report?
Vice President: No of course not. This is a report which contains recommendations to the President. The fact finding committee as you know and what our terms of reference were, were to find out based on the facts available to us and to find out based on interview of witnesses and what transpired in both cases that were before us. The one involving the Secretary to the Government of the Federation and the one involving the DG NIA. And we have now concluded that and we submitted a full report with recommendations to Mr President. Of course I cannot give you any kind of details because the President has to look at, study the report and then make his own decisions based on that report.
Q: Sir, one thing Nigerians would also want to know is if we are going to get something fair coming out since he is one of you, are you going to look at it from the angle of justice or from the angle of a close friend?
Vice President: Well I think that as you can imagine that we are always fair minded and the whole approach is to ensure that justice is done in all cases. It is in the interest of the government and also in the interest of the nation that things are done properly, that there is due process in anyway.That’s is the proper thing to do and you can be sure that we will do the right thing.
Q: How soon are we going to get the President’s report because Nigerians have waited so long for your report? Are we going to wait for another 3 months or can Nigerians expect it soon?Vice President: All I can say is that we have now submitted a report to Mr President. It is a detailed report, two reports as a matter of fact and Mr President has to study the report and then make decisions.
Q: Sir please give us details?
Vice President: Oh I cannot tell the recommendations. How can I? This is a document which we have just presented to Mr President. He is the one who will read the recommendations, read the facts in the recommendations and then make a judgement. But I cannot, but I said that we cannot do that. That would be pre-emptive of me.
Q: What did Mr. President say to you after you gave him the report?
He said thank you very much well done.
Q: Are heads going to roll from your report?
How can I tell you what is in the report. You really want to know what is in the report! You really have to wait.
Released by:
Laolu Akande
Senior Special Assistant to the President, Media & Publicity
Office of the Vice President
August 23,2017
Image may contain: 5 people, people smiling, people standing and indoor

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