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, LABOUR SET 8-WEEK DEADLINE FOR CONLUSION ON SUBSIDY INTERVENTION.(PHOTO).

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FG, LABOUR SET 8-WEEK DEADLINE FOR CONLUSION ON SUBSIDY INTERVENTION

 
The Federal Government has set up a steering committee to come up with a framework for delivering the expected intervention presented by the organised labour following the removal of petroleum subsidy.

The framework for is to be presented by August 14, 2023.

This was part of the resolution reached on Monday during a meeting between the federal government and representatives of the Nigeria Labour Congress (NLC) led by its president, Joe Ajaero, and the Trade Union Congress (TUC) led by Festus Osifo held at the Presidential Villa, Abuja.

Speaking to newsmen after the meeting, The Special Adviser to the President on Communications, Special Duties and Strategy, Dele Alake said “We reconvened today. And then, both parties went through this list. And we ticked off the viable ones; those things are broken into three different categories; the immediate, those that are low-hanging fruit, then the medium term and the long term.

“There’s a steering committee that will be like a clearing house. Where are there other work groups set up comprising both parties, government and labor members, and these work groups will work together very, very harmoniously and efficiently to arrive at the final resolution of all those demands; what we call interventions,” Alake said.

 

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