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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FG ORDERS CLOSURE OF ROADS IN FCT FOR TINUBU'S INAUGURATION PARADE.(PHOTO).#PRESS RELEASE.

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FG ORDERS CLOSURE OF ROADS IN FCT FOR TINUBU'S INAUGURATION PARADE


19th May, 2023

The order is in line with security arrangements by the Presidential Transition Council, for the smooth conduct of the inauguration parade for Tinubu's swearing-in ceremony.

Dr Ngozi Onwudiwe, Permanent Secretary, Service Welfare Office, office of the Head of the Service of the Civil Service of the Federation (HOCSF), made the disclosure in a circular on Friday in Abuja.

According to Onwudiwe, the order is in line with security arrangements by the Presidential Transition Council, for the smooth conduct of the inauguration parade for the swearing-in ceremony of President-Elect, Senator Bola Tinubu on May 29.


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