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 CONGRATULATES ADELEKE ON OSUN ELECTION VICTORY.(PHOTO).#PRESS RELEASE

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PRESIDENT BUHARI CONGRATULATES ADELEKE ON OSUN ELECTION VICTORY


President Muhammadu Buhari congratulates Senator Ademola Adeleke, candidate of the People’s Democratic Party (PDP), following victory of the party in Saturday’s gubernatorial election in Osun State.

With the election over, the President expresses conviction that the people of Osun have expressed their will through the ballot, and the will of the people must always matter and be respected in a democracy.

President Buhari notes that the successful conduct of the election is a further testimony to the maturity and commitment of all stakeholders – the electoral body, security agencies, political parties, the media, civil society and the electorate- to further strengthen the integrity of the electoral process in the country.

The President reassures the nation that the commitment of this administration towards having credible elections remains unshaken.

 

Femi Adesina

Special Adviser to the President

(Media and Publicity)

July 17, 2022.



 

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