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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IJORA EASTLINK/CAUSEWAY PROJECT: LASG ANNOUNCES CHANGE IN DIVERSION DATE.(PHOTO).#PRESS RELEASE

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IJORA EASTLINK/CAUSEWAY PROJECT: LASG ANNOUNCES CHANGE IN DIVERSION DATE


The Lagos State Government has announced the postponement of the construction of flexible pavements to be undertaken by the Federal Ministry of Works along Ijora Eastlink/Causeway.

A statement signed by the Commissioner for Transportation, Dr. Frederic Oladeinde, said the project has been shifted from the previously announced date of August 6 and 7 to Friday 12th till Sunday 14th August, 2022, 

Dr. Oladeinde added that motorists will be diverted into National Theatre to connect Ijora and Costain during the rehabilitation works on the scheduled dates.

He, therefore, appealed to the motoring public to comply with the directives of Lagos State Traffic Management Authority personnel who will be deployed to the axis to minimise inconveniences to road users.


 

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