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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ONDO STATE GOVERNOR,SIGNS MoU FOR THE ESTABLISHMENT OF INDUSTRIAL PARK AT ORE.{PHOTO}.

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        In his unbridled desire to transform Ondo State economy from civil servants driven to industrialized economy and his unwavering commitment to the provision of an enabling environment for investors to thrive, Ondo State Governor, Arakunrin Oluwarotimi Akeredolu, SAN again led top officials of the State Government on Tuesday February 13, 2018 to sign three Memoranda of Understanding.
The first MoU is for the development, operation and management of a modern industrial park on 1,000 hectares of land at Obatedo /Omotosho -Ore. The MoU was signed between the State Government and Hessmac Industrial Limited.
The Secretary to the State Government, Ifedayo Abegunde signed other two MoUs between the State Government & Agtho Machants and Company Limited and Incorporated Trustee of Peace & Project.In August 2017, the State House of Assembly passed into law an Act for the establishment of the Ondo State Development and Investment Promotion Agency, ONDIPA to make the State the investment hub; a first choice investment destination in Nigeria.
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