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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NO PLAN TO SELL KWARA HOTEL-KWARA GOVT.

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     The Kwara State Government has refuted allegations by opposition party in the State that it was planning to sell Kwara Hotel to private individuals.
The State Commissioner for Information and Communication, Alhaji Mahmud Ajeigbe said in a statement on Thursday, that contrary to the allegation, the State government has actually concluded arrangements to embark on a comprehensive renovation of the state-owned hotel.
Ajeigbe explained that what Governor Abdulfatah Ahmed said during his last interactive radio programme, ‘The Governor Explains’, was that Kwara Hotel would be upgraded to an internationally recognized new dual brand of 3 and 4 star hospitality outfit.
The Commissioner said that what the State government intends to do is to give interested Kwarans home and abroad, opportunity to invest and own shares in the hotel, and make its turn-around to be inclusive in line with best global practice.
Ajeigbe emphasized that the government had no plans to sell Kwara Hotel to private individuals as it understands that the hotel is a legacy project that is valued by the people of the State.He, therefore, asserted that the government is determined to reposition the hotel to a world class hospitality outfit and a major source of revenue generation for the State.
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