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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ABOUT 137 PROPERTIES SEALED BY LASPPPA. (PHOTOS).#PRESS RELEASE.

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No fewer than 137 properties were sealed last week by the Monitoring and Compliance Unit of Lagos State Physical Planning Permit Authority (LASPPPA). 

The enforcement exercise took place at 6 District Offices, Alimosho, Mosan Okunila, Egbe- Idimu, Ikorun Igando, Agbado- Oke Odo and Ayobo-Ipaja

Properties that were sealed contravens the State Physical Planning Regulation. The sealed properties are mostly residential buildings which were converted into commercial use without recourse to Physical Planning Permit Laws. Also sealed are Industrial, Institutional and Commercial structures, which do not have Planning Permit.

The Authority advise Property Owners and Developers in Lagos State to seek the input of professionals in Engineering, Building, Planning and Architecture before embarking on the building of any structures.


Build Right, Build By the Rules.

More photos below. 


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