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 GREETS SENATOR IKE EKWEREMADU AT 60.(PHOTO).#PRESS RELEASE.

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PRESIDENT BUHARI GREETS SENATOR IKE EKWEREMADU AT 60


President Muhammadu Buhari felicitates with former Deputy President of the Senate, Ike Ekweremadu, as he turns 60 May 12, 2022.

The President rejoices with the lawmaker, his family, friends and associates on the landmark celebration, saluting his contributions to the legislature, where he has served since 2003.

The lawyer and politician, President Buhari says, has made salutary impact on constitutional and electoral reforms in the country, as well as serving as Speaker of the ECOWAS Parliament, where he successfully spearheaded the enhancement of the powers of the regional parliament.

In a polity where there is high attrition rate of elected officials, the President lauds Ekweremadu’s staying power, which must be an expression of the confidence his people have in him.

President Buhari equally commends the public service trajectory of Ekweremadu, which has seen him serve as Chief of Staff to an Enugu State Governor, Secretary to the State Government, Senator, Deputy Senate President, and Speaker, ECOWAS Parliament.

He wishes the lawmaker good health, sound mind, and further service to God and humanity.

 

Femi Adesina

Special Adviser to the President

(Media and Publicity)

May 11, 2022

 

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