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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LAI MOHAMMED'S SON LOSES THIRD TERM TICKET TO LAGOS ASSEMBLY.(PHOTO).

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Folajimi, Lai Mohammed’s Son Loses Third Term Ticket To Lagos Assembly

Folajimi Mohammed, son of Minister of Information and Culture, has lost the ticket to represent Ikeja State Constituency 1 in the Lagos State House of Assembly.

The Minister’s son who is representing the constituency for the second time, failed to secure his re-election ticket in the All Progressives Congress (APC) primary held on Friday.

While Folajimi polled nine votes in the election, his rival, Seyi Lawal, garnered 15 votes.

Lawal’s supporters jubilated as chairman of the Electoral Committee, Comrade Ewuoso Olamide, declared him the winner of the exercise.


 

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