INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

Image
  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

MCLAREN SIGN 13-YEAR OLD NIGERIAN BOY TO SUPPORT HIM THROUGH JUNIOR CATEGORIES.{PHOTO}.#CONGRATULATIONS.

 

McLaren have signed 13-year-old Nigerian-American karter, Ugo Ugochukwu, to a long-term deal to support his development through motorsport's junior categories.

The Formula 1 team said the agreement gives them an option to sign Ugochukwu to a race deal in the future,.
“We've been watching Ugo's progress with interest, so when the opportunity to sign an agreement with him became available, we had no hesitation moving on it. Now we'll focus on giving Ugo the right support when he needs it to help him fulfil his potential,” McLaren chief executive, Zak Brown, was quoted as saying.
.Ugochukwu, whose mother is Nigerian and father American, won last year's FIA OK Junior European championship, and has graduated to the senior class this season. He has won a host of titles since he began karting in 2013 and last year won the FIA OKJ European Championship.
“I'm honoured to be signed by such an iconic team as McLaren Racing so early in my career. To have the support of McLaren is fantastic and what any young driver dreams of. I'm focused right now on developing as a driver and racer, so having McLaren by my side can only help me on and off the track,” Ugo said.

Comments

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

SSANU, NASU THREATEN STRIKE OVER WITHHELD SALARIES. (PHOTO).