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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ALABA DEMOLITION: LAGOS TECHNICAL COMMITTEE INSPECTS SITE.(PHOTOS).#PRESS RELEASE

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ALABA DEMOLITION: LAGOS TECHNICAL COMMITTEE INSPECTS SITE



In furtherance of its commitment to ensuring sustainability and peaceful coexistence in the area, the Lagos State Technical Committee on Alaba Demolition has visited the site of the demolition.


During the inspection exercise, the committee members carefully assessed the extent of the demolition while also seeking ways to promote the overall safety and sustainability of the market and its structures. The team also interacted with the affected traders and occupants, expressing empathy and understanding of the challenges they face while assuring them that their well-being and interests are the committees' priorities. 


Arc. Gbolahan Oki, while speaking with some of the traders, informed that the committee is keen on finding lasting solutions to prevent any future occurrence that could pose risks to traders and property owners. He also emphasised the importance of compliance with building regulations and codes to prevent illegal and unsafe structures from cropping up in the future.


On his part the Secretary of the Committee, Chris Maduka said he was happy with the decision to visit the site to verify all claims, adding that the State Government has a job to do in supporting the efforts of the traders in adding value to the market and its environs.


Maduka also solicited the cooperation and understanding of the traders mostly affected by the demolition exercise, saying taking to protest or violence will defeat the purpose for the setting up of the Committee by the Lagos State Governor. 

More photos below. 



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