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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WE’LL FULFILL PROMISES WE MADE, SAYS PRESIDENT BUHARI IN MEETING WITH ECOWAS PARLIAMENT.{PHOTOS}.#PRESS RELEASE.

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WE’LL FULFILL PROMISES WE MADE, SAYS PRESIDENT BUHARI IN MEETING WITH ECOWAS PARLIAMENT 


Nigeria will keep pledges made to the ECOWAS Parliament, and to the sub-regional body at large, President Muhammadu Buhari has said. 

The President spoke Tuesday at State House, Abuja, while receiving a team from ECOWAS Parliament, led by the Speaker, Dr Sidie Mohammed Tunis. 

He commended the parliament for planning to fill its positions subsequently through elections, which would be incorporated into general elections of member countries, noting that “it would be cost effective.” 

On the construction of a parliament building in Abuja, President Buhari said he was pleased that the body was collaborating with the Minister of Federal Capital Territory, adding: “We will try to encourage the contractor. All promises we made to ECOWAS Parliament, and the sub-regional group at large, would be fulfilled.” 

Speaker Tunis expressed sympathy to the government and people of Nigeria on the recent losses from terror attacks, saying Nigeria was resilient to defeat the terrorists. 

He also applauded Nigeria for its many supports to the ECOWAS Parliament, informing that the plan is now to strengthen the body through electing its officials rather than their being appointed. 

“When they are elected, they will be more committed, and the election would be tied to national polls of member countries,” the Speaker said. 

He added that the vision for a parliament building in Abuja is that it would be completed before May, 2023, so that President Buhari would commission it before leaving office.

 

Femi Adesina

Special Adviser to the President

(Media and Publicity)

December 14, 2021.

More photos below.

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