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 APPROVES AYO GBELEYI AS CHAIRMAN, FEDERAL MORTGAGE BANK.{PHOTO}.#PRESS RELEASE.

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 PRESIDENT BUHARI APPROVES AYO GBELEYI AS CHAIRMAN, FEDERAL MORTGAGE BANK


President Muhammadu Buhari has approved the appointment of Mr Ayodeji Ariyo Gbeleyi as the Chairman of the Board of Directors of the Federal Mortgage of Bank of Nigeria (FMBN).


A Chartered Accountant and an Associate of the Chartered Institute of Taxation, Gbeleyi is a well-known financial expert who was once a Commissioner for Finance in Lagos State as well as a player in the aviation sector.  


He replaces Chief Adewale Adesoji Adeeyo who passed on recently.


 


Femi Adesina


Special Adviser to the President


(Media & Publicity)


January 7, 2022

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