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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LASCOPA SEALS SUPERMARKET OVER SALE OF EXPIRED PRODUCTS.(PHOTOS).#PRESS RELEASE.

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In furtherance of the T.H.E.M.E.S agenda of Governor Babajide Sanwo-Olu and the drive to ensure consumer protection and safety from the purchase of expired and unwholesome products, the Lagos State Consumer Protection Agency (LASCOPA) has sealed Valuepoint Supermarket over the continuous display and sale of expired products.


Speaking on the enforcement operation, the General Manager of LASCOPA, Mr. Afolabi Solebo, Esq explained that the aim of the exercise is to ensure that stores and supermarkets, who have at various times flagrantly disobeyed the lawful directive of the agency against the sale and display of expired products, are forced to comply with the law.

He said, “Despite several public enlightenment campaigns and warnings by LASCOPA, Store managers still sell expired and hazardous products which are dangerous to human health in contravention of the State Government’s directives on the sale of unwholesome goods”.


He reiterated that the State Government has zero tolerance for the sale of hazardous and expired products and will not fail to initiate litigation against any store or supermarket found culpable.
Solebo assured that the present administration will not leave any stone unturned in ensuring the protection and safety of consumers in the State. Just as LASCOPA will continue to promote consumers’ rights.


Recall that last week, a LASCOPA monitoring team led by the General Manager of the Agency, Afolabi Solebo Esq., sealed Cynosure Supermarket in Ajao Estate area of Lagos State over the display of expired products on their shelves. The team had, similarly, issued a Non-Compliance Notice to the Valuepoint Supermarket located in the Estate for the same offense.
More photos below. 


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