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 PRESIDES OVER FEC MEETING TODAY+LAMENTS DEATHS AND DESTRUCTION OF FARMS IN KEBBI STATE BY FLOODS, SAYS DISASTER COULDN'T HAVE COME AT A WORSE TIME FOR FARMERS.{PHOTOS}.#PRESS RELEASE.

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    President Buhari presides over a virtual Federal Executive Council Meeting at The State House, Abuja. 2nd September, 2020. Photos; Tolani Alli.


PRESS RELEASE:

PRESIDENT BUHARI LAMENTS DEATHS AND DESTRUCTION OF FARMS IN KEBBI STATE BY FLOODS, SAYS DISASTER COULDN'T HAVE COME AT A WORSE TIME FOR FARMERS
President Muhammadu Buhari has expressed deep concern over the heavy floods that took a number of lives, submerged thousands of hectares of farmlands and houses, destroying farm produce and personal belongings in the affected communities.
According to the President, "I am particularly sad over this incident because it's a setback to our efforts to boost local rice production as part of measures to stop food importation."
President Buhari noted that, "Kebbi State is the focal point of our policy to produce rice locally as part this administration's commitment to agricultural revival which suffered relative neglect in favour of food importation."

He said that "With the loss of six lives and still counting; thousands of hectares of land flooded and estimated economic losses of more than one billion Naira by rice farmers in Kebbi State, we face a major setback in our efforts to boost local food production.".
President Buhari noted that, "This bad news couldn't have come at a worse time for our farmers and other Nigerians who looked forward to a bumper harvest this year in order to reduce the current astronomical rise in the costs of food items in the markets.”
The President, while sympathising with the bereaved families and farmers affected by the devastating floods, has assured that "we are going to work closely with the Kebbi State government in order to bring relief to the victims."
Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
September 2, 2020.
More photos below.

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