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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FG TO REPAIR EXPANSION JOINTS ON KARA BRIDGE, LASG ANNOUNCES TRAFFIC DIVERSION.(PHOTO).#PRESS RELEASE.

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FG TO REPAIR EXPANSION JOINTS ON KARA BRIDGE, LASG ANNOUNCES TRAFFIC DIVERSION


The Federal Ministry of Works will, on Saturday, September 3, 2022, commence repairs of damaged expansion joints along the Berger-OPIC axis of the Lagos-Ibadan Expressway.

Communicating the development in a press statement, the Lagos State Commissioner for Transportation, Dr. Frederic Oladeinde, explained that traffic will be diverted at the Ogun State bound lane of Kara Bridge, stating that three expansion joints along the Expressway would be repaired to prevent accidents and vehicular damage.

Oladeinde gave an assurance that the Lagos State Traffic Management Authority (LASTMA) will collaborate with the Federal Road Safety Corps (FRSC) and Ogun State Traffic Compliance and Enforcement Corps (TRACE) to provide adequate diversion and effective traffic management systems during the repair works.

Advising the general public to drive with caution along the route during the period of repairs, the Commissioner emphasised the need for patience and understanding of motorists, just as he promised that interventions will be put in place to minimise traffic congestion.

“Commuters are encouraged to comply with traffic laws and regulations to prevent gridlock and ensure free flow of traffic while the repair works last. Traffic officers will be stationed at strategic locations along the axis to prevent gridlock”, Oladeinde said.


 

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