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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DAY 5 ON BANANA ISLAND BUILDING COLLAPSE. (PHOTO).#PRESS RELEASE.

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*UPDATE ON BANANA ISLAND BUILDING COLLAPSE* 

 *DAY 5*: Excavation has reached about 90% at the site of the Banana Island collapsed building. 




 Lagos State Emergency Management Agency (LASEMA) officials are at work on the site. The rubble is being excavated and taken to another area within the compound.


At the site are also Lagos State Building Control Agency (LASBCA) and Lagos State Materials Testing Laboratory.


The cause of the collapse is yet to be determined. Unfortunately, we have recorded one fatality – so far.


All those injured and taken to hospitals are doing well.


Gbenga Omotoso

HC, Information & Strategy


16/04/2023.

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