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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ABEOKUTA FLOOD: PRESIDENTIAL COMMITTEE VISITS OGUN TODAY.[PHOTOS}.

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     The Presidential Committee on Flood Assessment, has visited Ogun State, to access the extent of damage of the recent flash flood in the state.Chairman of the Presidential Committee, Prof. Emmanuel Adanu, speaking to news men, after visiting Governor Ibikunle Amosun in his office in Abeokuta today, said the committee would access the technical profile of the rivers and make recommendations to the Federal Government, in accordance with its mandate.Adanu, who said his team visited Odo-Eran, Oke-Lantoro, Ogun River and other affected areas, assured that necessary action will be taken as soon as the committee submits it's reports.The state Commissioner for Environment, Mr. Bolaji Oyeleye, also speaking, said necessary data has been collected for analysis and recommendations.He added that the team also offered advise on how to convert such volume of flood into positive use, assuring that measures will be taken to prevent future occurrence. @ Abeokuta.More photos below.
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