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

PRESIDENT BUHARI RECEIVES EMBALO, GUINEA-BISSAU PRESIDENT-ELECT; STRESSES COMMITMENT TO WEST AFRICAN STABILITY.{PHOTOS}.#PRESS RELEASE.

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     President Muhammadu Buhari on Sunday reiterated his desire for stability, peace, progress and prosperity in the entire West African sub-region.
Responding to Umaro Muhktar Sissoco Embalo, the President-elect of Guinea Bissau, who came to Nigeria on a “thank you visit” and to express his "good wishes" following his emergence as winner in the keenly contested, just-concluded elections in his country, President Buhari said, “Without stability, there can be no development. We will do whatever it will take to stabilize the sub-region.”
President Buhari commended the out-going President, José Mário Vaz, himself a candidate in the elections for supporting the emergence of Embalo in the second round of balloting “in the interest of peace and stability.”
He said history will remember President Mario Vaz for putting National interest above his own, emphasizing that he cared for peace within the region.
The Nigerian President expressed his desire for both countries to work together for the betterment of their peoples and reiterated his vision for peace, progress and prosperity in West Africa.
President-elect Embalo, a businessman-turned politician, was Prime Minister of Guinea Bissau under incumbent President Jose Mario Vaz between 2016 and 2018. He was a member of the ruling African Party of Independence of Guinea and Cape Verde (PAIGC) when he founded the Movement for Democratic Alternative (MADEM-G15) on which platform he won the elections.
He praised President Buhari for his support leading to his emergence as winner in the elections and expressed his appreciation for the warm and friendly disposition of Nigeria towards him and the people of his country.
He informed the Nigerian leader of his selection as the Guest of Honour at the Presidential inauguration coming up next month and for which he received assurances from President Buhari that he will make the best efforts to be present.
Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
January 5, 2020.
More photos below.
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