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

LASPPPA RESUMES MONITORING, ENFORCEMENT EXERCISE IN LAGOS.(PHOTOS).#PRESS RELEASE.


Lagos State Physical Planning Permit Authority (LASPPPA) has resumed its enforcement and monitoring exercise following the short break during the 2021 end of the year holiday and restated its determination to rid the State of illegal developments. 

The General Manager of LASPPA, Mr. Kehinde Osinaike, disclosed that the Authority has now extended the enforcement and monitoring exercise to the Oshodi area of the State following the conclusion of the exercise in Opebi/Allen axis of Ikeja. 

He explained that during the concluded exercise at Ikeja, property that violated the Town Planning Laws were sealed while buildings that were initially sealed but unlawfully unsealed without official authorisation were partially resealed, including shops on road setback.


Osinaike also avered that the Monitoring and Compliance Unit of the Agency had equally carried out an exercise in Eti-Osa, especially to check property that were sealed last year to ascertain if they have not been illegally unsealed by the owners.


“The Monitoring and Compliance Unit (MCU) will continue the exercise in Ajah axis to ensure that property along Lekki-Epe Expressway that have not regularised their developments from residential to commercial property were partially sealed to ensure compliance”, the General Manager asserted. 
 More photos below. 





 

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