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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SANWO -OLU APPOINTS NEW D.G FOR LAGOS STATE SPORTS COMMISSION.{PHOTO}.#PRESS RELEASE.

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     His Excellency Mr. Babajide Olusola Sanwo - Olu, Governor of Lagos State has approved the Disengagement of Mr. Babatunde Bank Anthony as the Director General of the State Sports Commission, as well as approved the appointment of Mr. OLUWATOYIN GAFAR BOLOWOTAN as the New Director General of the State Sports Commission.
In a statement signed by Mr. Hakeem Muri Okunola, the Head of Service, the appointment is in line with the ongoing re organisation of the State Public Service for efficient service delivery. The appointment is
with immediate effect.
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