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
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PRESIDENT BUHARI COMMENDS SUPPORT GROUPS’ SACRIFICES FOR NATIONAL DEVELOPMENT TODAY.#STATE HOUSE PRESS RELEASE.

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      President Muhammadu Buhari on Friday in Abuja commended various support groups working for the progress of his administration, saying posterity will reward their sacrifices for the peace, progress and prosperity of the nation.
Receiving members of the National Committee of the Buhari Support Group (NCBSG) led by Senator Abu Ibrahim, President Buhari assured them of the judicious use of available national resources for the betterment of all Nigerians.
''I am grateful for your sacrifices. Your work requires a lot of sacrifices both physical and material.
''I do not think anybody will join this organisation for material reasons.
''What you are doing is for the nation and not for me as an individual. Therefore, there is no way you can lose because what you are doing is for posterity,’’ he said.
Apprising the President of their activities, the group said they would continue to engage in the production of detailed sector-specific documentaries, programmes, policies and achievements of the administration.
In a PowerPoint presentation, the group told the President that they had a massive, diverse, grassroots base, which would strive to mobilise young Nigerians to become drivers of the CHANGE administration’s programmes and achievements.
FEMI ADESINA
Special Adviser to the President
(Media & Publicity) 
October 27, 2017
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