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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PASTOR BAKARE AND MINISTER ADEOSUN DIDN'T MEET WITH PRESIDENT BUHARI TODAY.-FEMI ADESINA.#PRESS RELEASE.

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    Stories with insinuations are making the rounds that Pastor Tunde Bakare of Latter Rain Assembly and Minister of Finance, Mrs Kemi Adeosun, met together with President Muhammadu Buhari at State House, Abuja,Friday. Far from the truth.
The Minister was at the Presidential Villa in connection with the Annual General Meeting and 25th Anniversary Celebration of African Export-Import Bank (AFREXIMBANK) holding Saturday in Abuja, which would be graced by President Buhari.
She ran into Pastor Bakare, who was on a scheduled visit to see the President, and they exchanged pleasantries.
The cleric particularly thanked the Minister for finding time to attend his mother's funeral, which took place in Abeokuta, Ogun State, penultimate weekend.
Mrs Adeosun had seen President Buhari not fewer than three times earlier in the week, and did not need to meet with him again on Friday.
This statement is to put events in proper perspective, and dispel all conjectures and fictive reporting.
Femi Adesina
Special Adviser to the President
(Media and Publicity)
July 13,2018.
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