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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NIGERIA WILL WORK CLOSELY WITH OTHER COUNTRIES TO INCREASE ECONOMIC OPPORTUNITIES - OSINBAJO.{PHOTO}.#PRESS RELEASE.

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      OFFICE OF THE VICE PRESIDENT
PRESS RELEASE
The Buhari administration will be happy to work closely with other countries who share similar socio-economic objectives in order to increase economic opportunities and healthcare delivery to citizens, according to Vice President Yemi Osinbajo, SAN.
Prof. Osinbajo stated this on Tuesday when he received, on a courtesy visit to the Presidential Villa, Ambassador Dato’ Ku Jaafar Ku Shaari, Secretary General of the D-8 Organisation for Economic Cooperation.
The D-8 top official is in Nigeria as the Health & Social Protection Programme of the group is being established in the country.
According to the Vice President, while addressing the Secretary General “I want to congratulate you on the signing of the partnership agreement for the Health and Social Protection Programme. This is important for us and for all D-8 countries.
“We are all emerging economies, the whole question around health care, human capacity development is crucial for us, and I think it is appropriate that we devote the time and resources like we are currently doing.”
Speaking further on the focal areas of cooperation of the D-8, Prof. Osinbajo said, “We are hopeful that you will succeed in deepening the impact of the focal areas of trade, industry, energy and tourism, in all of our countries. We are happy that, working with the other countries, we can achieve our economic objectives.
“So, we are certainly looking forward to continue to work with the D-8. We are committed to the D-8 and expect that the forthcoming summit will expand the scope of work and deepen the achievements of the D-8.
Earlier in his remark, Ambassador Dato’ Ku Jaafar Ku Shaari who thanked Nigeria for hosting the secretariat of the D-8 Health and Social Protection Programme, said implementing programmes on health and poverty alleviation was key to the agenda of the organization.
He also spoke on the D-8’s forthcoming summit in Bangladesh later in the year where a new road map and plan of action for the actualization of the organization’s targets will be launched.
The D-8 countries include Bangladesh, Egypt, Nigeria, Indonesia, Iran, Malaysia, Pakistan and Turkey with a combined population of approximately 1 billion covering an area of 7.6 million square kilometres and, 5% of world land area.
Laolu Akande
Senior Special Assistant to the President on Media & Publicity
Office of the Vice President
21st January, 2020.
No photo description available.

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