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 PARTICIPATES IN RUSSIA-AFRICA SUMMIT IN SOCHI AS HE DEPARTS NIGERIA TODAY.{PHOTOS}.#PRESS RELEASE.

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     President Muhammadu Buhari departs Abuja Monday to attend a three-day Russia-Africa Summit in Sochi, Russia, October 23rd – 25th, with focus on exploring and expanding opportunities in security, trade and investment, science and technology, and gas production.
During the summit, President Buhari will meet with President Vladimir Putin of Russia to further strengthen relations in security, trade and investment, and building partnership that will enhance Nigeria’s huge gas potential, following Russia’s remarkable success in gas exportation.
The summit, which will be attended by African Heads of State, will bring fresh perspectives on some global issues and challenges like nuclear technology, energy development, digital transformation, environment, technical security, mining and steel, education, agriculture, infrastructure and development strategies.
An African Business Forum, which will bring together African and Russian business leaders, will be held during the event to enhance Russian investments in Africa, and promote African business interest in the host country.
President Buhari will be accompanied by Governor Muhammad Inuwa Yahaya of Gombe State, Governor Bello Matawalle of Zamfara State and Governor Kayode Fayemi of Ekiti State.
Others on the trip are: Minister of Foreign Affairs, Geoffrey Onyeama, Minister of Trade and Investment, Adeniyi Adebayo, Minister of Mines and Steel Development, Olamilekan Adegbite and Minister of State, Petroleum, Timipre Sylva.
The President will return to the country after the summit.

Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
October 20, 2019.
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