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

WE LOOK FORWARD TO FREE, FAIR ELECTIONS IN 2019 – PRESIDENT BUHARI.{PHOTOS}.#PRESS RELEASE.


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      President Muhammadu Buhari Tuesday in Abuja assured Nigerians and international community that the forthcoming general elections in 2019 will be free and fair, saying it will usher the country into another clime of maturity, peace and unity.
President Buhari, who received Letters of Credence from four ambassadors at the State House, including the Ambassador of the Peoples’ Republic of Japan, Mr Yutaka Kikuta, said the country’s political and electoral institutions have continued to evolve in strength, skill and experience after each election.

“We are currently at the threshold of another general election and after five general elections in the country since 1999, we expect that the 2019 elections will be free and fair.
“The political system is good and if people work hard they will succeed,’’ the President said.
President Buhari also said the increase in number of political parties that will field candidates in 2019 elections indicates more democratic consciousness among Nigerians and willingness to serve the country.
Receiving Letter of Credence from the Ambassador of the Russian Federation, Alexey Shebarshin, the President noted that discussions on reviving the Ajaokuta Steel Complex, partnerships in agriculture and other bilateral interests in trade and economic development will be sustained, commending the country for always standing by Nigeria.
“We have opened discussions on the Ajaokuta Steel Complex, and we will continue,’’ President Buhari added.
The President told the Ambassador of the Federative Republic of Brazil, Richardo Guerra De Araujo, that the historical ties between both countries and the shared potentials for growth will be further explored, with strong emphasis on economic and social development.
He said the number of Nigerians in Brazil already provide a strong reason for deeper and richer discussions for both countries.
Receiving the Letter of Credence of the Ambassador of United Arab Emirates, Fahad Al Taffaq, President Buhari assured him that Nigeria remains committed to strengthening the bilateral relationship that has existed between both countries for many years.
The President said the courtesies extended to Nigerians in the United Arab Emirates was commendable, assuring the envoy that his administration will continue to strengthen business and trade relations between both countries.
In his remarks, the Ambassador of Japan said his country remained grateful for Nigeria’s concern and support during the flooding that devastated the country, promising to work hard to further enhance relations in technology, agriculture and trade.
The Ambassadors of Russia, Brazil and United Arab Emirates assured the president that they will work hard to ensure improved relations in key sectors of the economy, while wishing Nigeria the best in the forthcoming elections.
Femi Adesina
Special Adviser to the President
(Media & Publicity)    
October 16, 2018
Image may contain: 2 people, people sitting, table and indoorImage may contain: 2 people, people sitting, table and indoorImage may contain: 2 people, people sitting, table and indoor

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