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 TO MEET WITH SECURITY CHIEFS ON THURSDAY.{PHOTO}.#PRESS RELEASE.

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President Muhammadu Buhari will on Thursday confer with security chiefs at the Presidential Villa, Abuja.


The President returned to Abuja last Friday after 18 days in London, during which he attended an education summit and did health checks.


The security forces have in the past few weeks taken the battle more robustly to insurgents, bandits, and all other criminals troubling the country, and they are now surrendering in droves. 


The President will be brought up to speed on developments at the Thursday meeting, while plans to bring a decisive end to the challenges will be formulated.


Femi Adesina

Special Adviser to the President

(Media and Publicity)

August 17, 2021

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