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 PARTICIPATES IN FEC MEETING FROM DAURA, COVID-19 VACCINE, BORDER REOPENING TOP AGENDA.{PHOTOS}.#PRESS RELEASE.

 

President Muhammadu Buhari on Wednesday participated in the 36th Federal Executive Council (FEC) meeting from his country home in Daura, Katsina State, via video conferencing, contributing to major decisions on procurement of COVID-19 vaccines, drugs for HIV-AIDS and equipment for cancer treatment.
In the historic meeting, presided over by Vice President Yemi Osinbajo in Abuja, the President paid close attention, following discussions on a mix of 33 memoranda dealing with policies, contracts and reports, and where he felt the need, he also asked for recognition and intervened.
The meeting took some critical decisions, which include approvals for procurement of essential drugs for HIV-AIDS treatment, equipment for cancer treatment for University of Maiduguri Teaching Hospital, first in North-Eastern States.
Approvals were also given for a contract to construct an 11 (eleven) storey building to serve as headquarters of Department of Petroleum Resources (DPR) in Abuja, COVID-19 vaccine and phased reopening of borders.
The meeting received the last batch of reports from ministers on ENDSARS interactions in their states.
Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
December 16, 2020.
More photos below.

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