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

LAGOS TASKFORCE TO CLAMP DOWN ON RECALCITRANT OKADA OPERATORS PLYING HIGHWAYS.(PHOTO).#PRESS RELEASE

 

In response to the public outcry on the menace of commercial motorcyclists and their disregard for traffic rules and regulations in the State, the Lagos State Environmental and Special Offences Agency (Taskforce) is set to clamp down on the recalcitrant “Okada” operators plying restricted routes.

The Chairman of the Agency, CSP. Shola Jejeloye, disclosed this during the decoration of newly promoted officers attached to the Unit at its headquarters in Oshodi, adding that the Taskforce has been mandated to curb excesses of the motorcyclists on Lagos Highways in order to enhance the peace and security in the state.

In his words: “The unruly attitudes and menace of commercial motorcyclists, popularly known as Okada, across the Lagos metropolis have continued to pose a threat to the peace and security of the State. Our operatives had over the past few weeks impounded more than 1,654 motorcycles Okadas at various locations for plying restricted roads and violating the State Traffic Laws which restricts them from plying major highways”.

He explained that all the restricted routes will continue to be closely monitored to rid the State of Okada riders’ menace which undermines security, stressing that the agency will not rest on its oars until all commercial cyclists toe the line of best practices in tandem with the laid down rules and regulations.

CPS Jejeloye emphasised that, henceforth, the agency will no longer tolerate any act of indiscipline from okada riders, who are constituting nuisance on Lagos roads, as they will be arrested and prosecuted for disrupting the free flow of traffic due to their disregard for the law.

He, therefore, warned all Okada riders and other traffic offenders to desist from plying restricted routes to avoid being caught by the operatives of the Taskforce, declaring that the disregard for the State Environmental and Traffic Laws will no longer be condoned or overlooked.


The Chairman reiterated that the State Taskforce under his dispensation is poised to take the State to greater heights through efficient, effective, prompt and speedy response to any environmental and traffic challenge in order to promote a liveable, serene and accident-free society.






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