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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UPDATE ON BANANA ISLAND BUILDING COLLAPSE.(PHOTOS).#PRESS RELEASE.

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UPDATE ON BANANA ISLAND BUILDING COLLAPSE



One body has been recovered from the rubble of the collapsed building at 1st Avenue, Banana Island, Ikoyi.


Lagos State Emergency Management Agency (LASEMA) workers’ search and recovery efforts unearthed the remains of the adult male hitherto unaccounted for by site supervisors.  


The excavation of the site, using the architectural designs, continues. The site has been divided into quadrants for a painstaking search and rescue operation. Quadrants 2 and 3 have been levelled to ground zero, with the search operation completed. Quadrant 4 is ongoing.


Twenty-five people were rescued from the site when the building went down on Wednesday. They are all doing fine.


When a roll call was conducted by the site supervisors, everyone was accounted for. Nobody could ascertain whether the victim, whose body was found this morning, was on the site – as of the time the roll call was taken.


 


Gbenga Omotoso


HC, Information & Strategy


More photos below. 




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