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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OGUN STATE GOV. MOURNS THE DEATH OF THE FOUNDER OF FCMB 'OTUNBA MICHAEL SUBOMI BALOGUN. (PHOTO).#PRESS RELEASE.

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 "It is with a heavy heart and sadness that we receive the news of the passing of our dear father, Otunba Michael Subomi Balogun, the Asiwaju Omooba of Ijeband and founder, First City Monument Bank - FCMB.


He will be remembered as a visionary leader who dedicated his life to the betterment of our society and his unwavering commitment, tireless efforts, and remarkable contributions will continue to inspire generations to come.


May the memories of Otunba Balogun Subomi serve as a guiding light and source of inspiration as we carry forward his legacy of service and dedication.


We hereby express our heartfelt condolences to his family and pray God grants them the strength to bear this sad loss.


May God rest his soul.- PRINCE DAPO ABIODUN.

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