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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AIRPORT PROJECT: MINISTRY OF AVIATION GIVES MARCHING ORDER TO CONTRACTORS,AS KATSINA’S STATE GOVERNOR CONCLUDES PLAN TO COMPENSATE LANDOWNERS.(PHOTO).#PRESS RELEASE

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AIRPORT PROJECT:  MINISTRY OF AVIATION GIVES MARCHING ORDER TO CONTRACTORS
… AS KATSINA’S STATE GOVERNOR CONCLUDES PLAN TO COMPENSATE LANDOWNERS

 
In ensuring the timely completion of projects at Katsina airport, the Ministry of Aviation and Aerospace has urged the contractors handling the projects to quickly mobilize to site as the Katsina state government has concluded plan to pay compensation to the land owners.
 
Permanent Secretary, Dr. Emmanuel Meribole while welcoming  the Governor  of Katsina state, Mallam  Dikko Umar Radda PhD. in his office today in Abuja, said there are eight projects at the airport, some of which include: the expansion of the existing airport APRON, Fire truck building, new terminal, Cargo terminal, and Fire truck maintenance and refurbishment. He directed that the contractors move to site immediately as issues concerning compensation and secession between the Military and civilian land space is being sorted out.
He commended State Government for collaborating with the Federal Government to ensure the take-off of the Katsina airport projects, noting that his efforts at solving the challenges hindering the commencement of work after the ground breaking ceremony that took place some months back is yielding positive results.
 
He said the Ministry of Aviation and Aerospace on her part has  been in talks with the Chief of Air Staff on the issue of land secession  between the civilian and military space of operation.   He however craved the indulgence of the Governor to strengthen talks further with the Chief of Air Staff on the matter.
 
 
 
Responding, the Executive Governor of Katsina State, Mallam Dikko Umar Radda appreciated the former Minister of Aviation Senator Hadi Sirika for finding it fit to take such projects to Kastina and also applauded  the Aviation Ministry for their innovations.
He said approval has been given for the payment of land compensation of all the landowners to ease the completion of the projects.  He urged the contractors to quickly move to site assuring all that he will not relent on  his efforts until the projects are completed.
 
 
 
Odutayo Oluseyi
HPPA

L-R. Executive Governor of Katsina state in a handshake with the Permanent Secretary of Ministry of Aviation and Aerospace..


 

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