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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MAIDUGURI MARKET FIRE: PRESIDENT BUHARI CALLS FOR STRICT VIGIL.(PHOTO).#PRESS RELEASE.

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MAIDUGURI MARKET FIRE: PRESIDENT BUHARI CALLS FOR STRICT VIGIL


Following an outbreak of a major fire incident which has razed the popular Maiduguri Monday Market, President Muhammadu Buhari has called for vigilance as winds and rising temperatures increase the risks of fires in forests, homes, public buildings and markets. 

The President, who expressed grief over the destruction caused by the early morning fire on Sunday, said the nation’s prayers and condolences are with the hardworking traders and their families who have reportedly saved very little or nothing from the fire. 

President Buhari commended the immediate response of the Governor, Professor Babagana Zulum’s government to the incident and directed effective coordination and collaboration between federal and state agencies to bring needed relief to those who are affected. 

The President urged the state and federal agencies responsible for fire management to strive towards higher levels of preparedness, mitigation efforts and strengthening their response mechanisms to deal with the increasing menace of market and other fire disasters.
 
Garba Shehu
Senior Special Assistant to the President 
(Media & Publicity) 
February 26, 2023


 

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