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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AFRICA NEEDS STRONGER, BETTER LEADERSHIP TO GROW, PRESIDENT BUHARI, PRIME MINISTER ABIY AHMED AGREE AT AU MEETING.(PHOTOS).#PRESS RELEASE.

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AFRICA NEEDS STRONGER, BETTER LEADERSHIP TO GROW, PRESIDENT BUHARI, PRIME MINISTER ABIY AHMED AGREE AT AU MEETING


African growth and development will require strong, visionary leadership that caters for the needs of the people, and effectively strengthens institutions that encourage peaceful co-existence, while providing disincentives to conflicts and coups, President Muhammadu Buhari and Prime Minister Abiy Ahmed said on Sunday in Addis Ababa, Ethiopia.

At a meeting between both leaders at the Headquarters of the African Union, President Buhari commended the efforts of the Prime Minister in maintaining peace and unity in the country, and dedication to ensuring fairness and justice in development.

“You are leading a country that is large and diversified, just like Nigeria, and I know the sacrifices required to make desired impact, especially in maintaining peace,” the President said.

President Buhari urged the Ethiopian leader to stay focused on keeping the country together, in spite of the difficulties, assuring that Nigeria will continue to support efforts in peaceful co-existence and unity.

The President said Ahmed had provided strong leadership for the country, encouraging him to sustain the good work in ensuring even development.

In his remarks, the Prime Minister thanked the President for support to the country over the years, on national and personal endeavours, particularly in encouraging unity and stability.

Ahmed noted that the African continent had been slow in growth due to conflicts, adding that the larger economies, like Nigeria and Ethiopia, should provide the leadership that will deepen progress and prosperity on the continent.

The Prime Minister said the resurgence of coups on the continent could further weaken institutions and reverse the gains of democracy, appreciating President Buhari for his position on zero tolerance for military interference in governance.

Ahmed said collective and visionary leadership will move Africa forward.

Femi Adesina

Special Adviser to the President

(Media & Publicity)

February 6, 2022.
More photos below 


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