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

CORPS MARSHAL OYEYEMI ORDERS IMMEDIATE CLAMPDOWN ON COMMERCIAL/ARTICULATED VEHICLES WITHOUT SPEED LIMITING DEVICES AND DRIVER'S LICENCE VIOLATORS.{PHOTO}.#PRESS RELEASE..

CORPS MARSHAL OYEYEMI ORDERS IMMEDIATE CLAMPDOWN ON COMMERCIAL/ARTICULATED VEHICLES WITHOUT SPEED LIMITING DEVICES AND DRIVER'S LICENCE VIOLATORS.


Worried at the rising cases and fatalities of speed related road crashes as well as drivers operating without valid driver's licences, the Corps Marshal of the Federal Road Safety Corps (FRSC), Dr Boboye Oyeyemi has directed Commanding Officers across the country to intensify special operations targeted at the offenders. This is with the ongoing operation sanity aimed at restoring sanity to the nation's highways.


According to the press release issued to news men on Sunday by the Corps Public Education Officer, Assistant Corps Marshal Bisi Kazeem, the Corps Marshal expressed dismay over continuing incidents of fatal crashes caused by speed violation with most of the drivers failing to install speed limiting devices in their vehicles despite repeated warnings. This he said, is unacceptable to the FRSC Management and decision has been taken to clampdown on such recalcitrant violators who must be subjected to the fullest sanctions provided by law to serve as deterrence for others.


The Corps Public Education Officer further noted that records of road traffic crashes across the country as collated by the Corps since the beginning of the year indicated sadly, that over 50% of such crashes were attributed to speed violations, saying the Corps Marshal is personally bitter over the unfortunate development and has accordingly directed that special operations aimed at detecting the defaulters and imposing appropriate sanctions to them be intensified immediately nationwide by Commanding Officers. "During such special operations, all vehicles found to have violated the rules would not only be subjected to the fullest sanctions as provided by the law.


Kazeem  further stated that in the course of the special operations, drivers that are caught with fake, expired or forged driver's licences would have their vehicles impounded to the offices until they have taken appropriate measures necessary for acquiring the licences. He therefore warned drivers to ensure that henceforth they operate with their valid documents, especially the driver's licence and vehicle papers to avoid having their vehicles impounded.


It would be recalled that the FRSC had in the last few years initiated the ideas of speed limiting devices in commercial vehicles after due consultation with the relevant stakeholders as a way of involuntarily controlling speeds which had been identified as the main causative factors in road traffic crashes. Following the Presidential directives on the policy, the enforcement commenced earnestly and has been on with special operations targeted at the offenders. The continuing incidents of speed related crashes despite the measures and failure of the drivers to voluntarily regulate themselves has now led to the new by the Corps to restrategise on the enforcement through the renewed special operations.


Accordingly, Assistant Corps Marshal Bisi Kazeem vowed that no offenders would be spared .  Commanding Officers have been given the mandate by the Corps Marshal to act decisively on them with renewed vigour," Kazeem further stated.


"The National Headquarters of the Corps will be reviewing reports of compliance from the special operations from across the Field Commands for incremental policies on the offences," he added.

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).