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 COMMISERATES WITH INNOSON ON MOTHER’S DEATH .(PHOTO).#PRESS RELEASE.

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PRESIDENT BUHARI COMMISERATES WITH INNOSON ON MOTHER’S DEATH

 


President Muhammadu Buhari extends heartfelt condolences to Chief Innocent Chukwuma, Chairman/CEO of Innoson Group of Companies Limited, on the passing of his mother, Mama Martina Chukwuma, aged 101.

 

The President joins the Chukwuma family, relatives, and the people of Nnewi in Anambra State in honouring the life of a matriarch, who birthed, trained, nurtured and prayed for the well-being of all her children, including a very successful entrepreneur, whose successes in business is recognised worldwide.

 

As the funeral ceremonies of Mama Martina begin, the President urges members of the Chukwuma family and all that honour her memory to remember that the departed embodied the scriptural truth that those that watch over the affairs of their household, do not eat the bread of idleness.

 

The President prays that the peaceful circumstances of the homecoming of the centenarian to her Maker will bring divine comfort and solace to her family and those that mourn.

 

Femi Adesina

Special Adviser to the President

(Media & Publicity)

January 30, 2022


 

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