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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PRESIDENT BUHARI SENDS DELEGATION TO NEW YORK AHEAD OF UN GENERAL ASSEMBLY PRESIDENCY ELECTION.#PRESS RELEASE.

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    Ahead of election for the Presidency of the United Nations General Assembly (UNGA) scheduled to hold in New York, June 4, 2019, President Muhammadu Buhari, Sunday, sent a Federal Government delegation to support Nigeria’s candidate, Prof. Tijjani Muhammad- Bande.
Prof. Bande, who is the Permanent Representative of Nigeria to the UN, will become the second Nigerian to be elected President of UNGA after Maj. Gen. Joseph Nanven Garba (rtd), who held the position between 1989 and 1990.
The Permanent Secretary, Ministry of Foreign Affairs, Amb, Mustapha Sulaiman, is leading the delegation which includes, the Director- General, National Intelligence Agency, Amb. Ahmed Rufai Abubakar; Executive Secretary, Petroleum Technology Development Fund, Dr. Bello Aliyu Gusau; and Senior Special Assistant to the President on Media and Publicity, Malam Garba Shehu.
President Buhari is confident that Nigeria’s Presidency of the 74th session of the UN General Assembly will provide a unique opportunity for Nigeria to lead the global call to tackle the political, social, economic and environmental challenges facing the world.
Nigeria looks forward to working with UN member states to promote international peace and security, prevent conflict, strengthen global action to tackle climate change, ensure inclusion, human rights, and empowerment of youth and women.
Nigeria hopes to build on progress made under Ecuador’s Presidency of the 73rd Assembly led by María Fernanda Espinosa Garcés, and further promote key themes that President Buhari has championed on the global stage since 2015, which include climate change, combating terrorism and violent extremism, and establishing functional anti-corruption mechanisms to assist countries like Nigeria recover and repatriate stolen funds.
Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
June 2, 2019
No photo description available.

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