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

OSUN VERDICT: LET’S TEAM UP TO DEVELOP THE STATE, SAYS PRESIDENT BUHARI.(PHOTO).#PRESS RELEASE.





 OSUN VERDICT: LET’S TEAM UP TO DEVELOP THE STATE, SAYS PRESIDENT BUHARI

 


President Muhammadu Buhari recognizes the Supreme Court’s verdict on the July 16, 2022 governorship election in Osun State, as well the important role of the judiciary in deepening rule of law and democracy.

 

With the final decision by the Court, the President reminds the political class and their supporters that the main task at hand is to make the people feel the impact of good governance, where a prosperous, peaceful and stable Osun is guaranteed.

 

He, therefore, urges all citizens and residents of the State, particularly her notable sons and daughters, to give the government of Senator Ademola Adeleke all the support it needs to ensure that programmes, policies, plans and aspirations fashioned to make individuals and businesses flourish succeed.

 

According to him, "elections should be seen as the path to an end, which is the progress of the people in a peaceful environment, rather than unending bickering. This is the time for inclusion and harmony in the State at the end of litigation."

 

President Buhari thanks the people of Osun for contributing immensely to the development of the nation, particularly through the State’s rich cultural heritage, the several historic sites and tourist attractions, including the Osun-Osogbo Sacred Grove, which is a UNESCO World Heritage Site.

 

The President trusts that the government will continue to develop the boundless resources in the State of the Living Spring, complementing the roles of the government at the Centre on national development and prosperity.

 

Femi Adesina

Special Adviser to the President

(Media & Publicity)

May 9, 2023

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