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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VP. OSINBAJO ARRIVED IN VIETNAM THIS EVENING TO DEEPEN BILATERAL RELATIONSHIP BETWEEN BOTH NATIONS.(PHOTOS).#PRESS RELEASE.

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VP Osinbajo now in Hanoi, capital of Socialist Republic of Vietnam where, beginning tomorrow he would be meeting top Vietnamese govt officials including President, VP & Prime Minister and also the Nigerian & business communities deepening bilateral relationships between both nations.


Earlier Report.:


IN HIGH LEVEL VISIT TO VIETNAM, OSINBAJO TO MEET PRESIDENT, VP, PRIME MINISTER, OTHERS 

*Leaves Abuja today

Vice President Yemi Osinbajo, SAN, departs Abuja today for the Socialist Republic of Vietnam for high-level bilateral engagements in the Southeast nation including meetings 
with the President of Vietnam, President Nguyễn Xuân Phúc; Vice President Vo Thi Aah Xuan, Prime Minister Pham Minh Chinh, other government officials and the business community.

The VP’s reciprocal visit to Vietnam will further strengthen trade and bilateral relations between both countries.

Recall that in view of the trade and bilateral relations between both countries, then Deputy Prime Minister of Vietnam, Vuong Hue, had visited Nigeria in October 2019, and met with Prof. Osinbajo, other senior Nigerian government officials and also interacted with the Nigerian-Vietnam Business Association.

As the then Deputy Prime Minister, who was accompanied to Nigeria by senior Vietnamese Government officials and businessmen, noted Nigeria is Vietnam’s largest trading partner in Africa. Indeed trade between both countries stood at US$280 million in 2014 and increased to over US$500 million in 2019.

Although Nigeria and Vietnam have maintained long-standing diplomatic relations since 1976, Vice President Osinbajo will be the second Nigerian high ranking incumbent government official to visit the Southeast Asian country after President Olusegun Obasanjo who visited in 2005.

While in the Socialist Republic of Vietnam, the Vice President is expected to witness the signing of Memorandum of Understanding (MoU) and Agreements on investment between Nigeria and Vietnam. He will also hold high level diplomatic discussions with his Vietnamese counterpart, Vice President Vo Thi Aah Xuan and the Prime Minister on issues of trade, commerce, agriculture, technology and innovation among others.

Prof. Osinbajo will later participate in a Business Forum with the Vietnamese Chamber of Commerce with representatives from both countries.  

With the opportunities existing in agriculture & technology in Nigeria and Vietnam, discussions would focus on mutual benefits from effective collaboration in particular economic sectors so as to deepen the friendly and trade relations of both countries.

The VP will conclude the visit to Vietnam on Wednesday.

Laolu Akande
Senior Special Assistant to the President on Media & Publicity
Office of the Vice President
3rd December, 2022.
More photos below. 


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