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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LAGOS BUS-TRAIN ACCIDENT VICTIMS COMPENSATION COMMITTEE SUBMITS REPORT.(PHOTO).#PRESS RELEASE.

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LAGOS BUS-TRAIN ACCIDENT VICTIMS COMPENSATION COMMITTEE SUBMITS REPORT

 


A nine-member committee set up by the Lagos State Government in the aftermath of the Bus-Train collision of Thursday, 9th March 2023, has submitted its report. 

 

Findings of the report showed that the accident had six fatalities from a total of 102 passengers involved, with 85 passengers on board the Staff Bus, while 17 were on the train. 

 

The Committee as part of its recommendations advised: Death benefits from the Group Life Insurance for families of the deceased, provision of employment to one employable child of the deceased and a concessionary scholarship to one of the deceased's biological children. 

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Injured accident victims were also recommended in the report to be paid full insurance claims as compensation while any staff victim with a permanent disability is also to be compensated in line with the Group Life Insurance Policy of the State, among other benefits. 

 

The committee, which consists of Permanent Secretaries from relevant Ministries of the State Public Service, was set up to identify the families of the deceased and their dependents, as well as the injured officers, and to determine appropriate compensation packages for each affected family and staff of the State Government.

 

A final decision on the committee's recommendations will be taken by the State Executive Council and further directives communicated by the Head of Service, Mr. Hakeem Muri-Okunola.

 

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