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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COMMISSIONER VISITS MAGODO WETLAND,RESTATES ZERO-TOLERANCE FOR ILLEGAL PROPERTY DEVELOPMENT.{PHOTOS}.#PRESS RELEASE.

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     Lagos State Commissioner for Physical Planning and Urban Development, Dr. Idris Salako, on Tuesday, paid an official visit to the Magodo wetland for an on-the-spot assessment, just as he restated the State Government's zero-tolerance for illegal property development across the metropolis.
Speaking during the visit, Dr. Salako stated that the Ministry of Physical Planning and Urban Development, being responsible for the maintenance of an orderly, livable and sustainable environment in the State, would continue to implement the "zero tolerance" policy on all illegal physical developments, including the regrettable encroachment of the sensitive/ecological zones.
He noted that the visit to Magodo wetland became imperative as part of measures to preserve and prevent the misuse or abuse of all Greenbelts, Gorges, Water bodies, Wetlands and other vulnerable natural Landscapes in every part of the State.
Salako, therefore, assured Lagosians that the Ministry would continue to intensify efforts to enhance the sustainability of the environment by maintaining a diligent application of the State's policies and operational development plans.
During the visit, the Commissioner directed the sealing of all unapproved developments within the wetland zone, as well as buildings that exhibited clear signs of internal distress through tilting or cracks thereby raising questions about their structural stability.
Salako was accompanied on the visit by the Special Adviser to the Governor on Urban Development, Mr. Ganiyu Adele Ayuba; Permanent Secretary in the Ministry, Arc. Foluso Adebayo Dipe; General Manager, Lagos State Physical Planning Permit Authority, Tpl. Funmi Oshifuye; General Manager, Lagos State Building Control Agency, Engr. Biola Kosegbe and General Manager, New Towns Development Authority, Tpl. Kunle Aboyeji.
Recall that the Lagos State Government had earlier decried the illegal and unapproved housing development along the Magodo greenbelt area of State.More photos below.
Image may contain: one or more people and people standingNo photo description available.

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