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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LAGOS SEALS 19 MEDICINE OUTLETS FOR NON-COMPLIANCE WITH REGULATORY STANDARDS.(PHOTO).#PRESS RELEASE.

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LAGOS SEALS 19 MEDICINE OUTLETS FOR NON-COMPLIANCE WITH REGULATORY STANDARDS


Lagos State Government's task force on Counterfeit, Fake Drugs and Unwholesome Processed Foods has shut 19 medicine outlets around Igando-Ikotun in Alimosho Local Government Area for non-compliance with regulatory standards.

The Commissioner for Health, Professor Akin Abayomi, explained that the affected premises were sealed for various offences including the display of drugs for sale in unregistered and unlicensed shops; inappropriate storage conditions of drugs; handling and dispensing drugs by unskilled persons and the sales of drugs outside the approved scope.



 

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