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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PEOPLE OF NIBO DONATES TEN PLOTS OF LAND TO FG.(PHOTO).#PRESS RELEASE.

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The people of Nibo in Awka South Local Government Area have donated ten plots of land to the Federal Government for the establishment of cultural industry in the state.

Speaking with the community leadership, the Anambra State Commissioner for Culture, Entertainment and Tourism, Comrade Don Onyenji commended Nibo Community for their love for the country and state by donating such land to the government.

The Commissioner explained that Governor Chukwuma Soludo wants to develop Anambra into mega liveable city so that whoever that enters the state will not be in a hast to leave, adding that the state is relating with the federal government for quick commencement of the project.

While informing them that the cultural industry when completed would attract tourist thereby generating revenue for the state, Comrade Onyenji added that the project would provide job opportunities for Ndi Anambra and attract more investors into the state.

Welcoming the Commissioner and his entourage, the President General of Nibo, Professor Anthony Nwokoye expressed satisfaction that such a federal project would be cited in their community and promised to donate more lands to the state government for more meaningful ventures.

He assured his people that such project will attract lots of developments, jobs and firms to their community.

 

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