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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LASG SET TO AUCTION VEHICLES IMPOUNDED FOR VIOLATION OF TRAFFIC LAW.#PRESS RELEASE.

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     The Lagos State Environmental and Special Offences Unit (Taskforce) has concluded arrangements to auction vehicles of 31 traffic offenders already convicted by the Court for driving against traffic as well as 22 automobiles that were abandoned for over six months after the arrest of their riders.
Chairman of the Agency, CSP Olayinka Egbeyemi disclosed that the owners of the impounded vehicles who abandoned their cars contravened the Lagos State Transport Sector Reform Law 2018, stating that public notice had been issued for owners of both the court forfeited and abandoned cars to identify their vehicles at the Agency's car parks in Ikorodu and Bolade-Oshodi.
"At the expiration of the one-month verification exercise the Agency shall apply to court for an order of 'Public Auction' where members of the public would have opportunity to buy any of these vehicles”, the Chairman said.
Egbeyemi clarified that the owners of the vehicles forfeited to the government pleaded guilty before Magistrate Omobola Salawu of the Lagos State Mobile Court at Oshodi after their arrest for driving against traffic.
He affirmed that in addition to the forfeiture of the vehicles, each traffic offender was sentenced to 100 days 'Community Service' at any public institution of their choice.
The Chairman, however, maintained that with the State government’s zero-tolerance for violation of the law, the Agency will continue to prosecute traffic offenders until sanity is restored on our roads and law-abiding citizens are allowed to commute without being impeded by unlawful individuals.
Meanwhile, CSP Egbeyemi also confirmed that over 7350 impounded motorcycles are presently in custody of the Agency for plying restricted routes, including highways and bridges across the State.
He stated that the Agency is awaiting further directives from the government in respect of the impounded motorcycles, adding that the motorcyclists were apprehended around Agege, Pen-Cinema, Apapa, Ikorodu, Mile 2, Obalende, Oyingbo, 2nd Rainbow, Lagos-Abeokuta Expressway, Ojota, Maryland, Yaba, Oshodi, Ikorodu Road, Apongbon, Ikeja and Iyana-Ipaja.
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