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

FG RECEIVES JUNIOR GYMNASTS, COMMENDS THEM FOR PODIUM PERFORMANCES.(PHOTO).#PRESS RELEASE


FG RECEIVES JUNIOR GYMNASTS, COMMENDS THEM FOR PODIUM PERFORMANCES


The Federal Government has commended the junior Gymnasts for their excellent performances that led to the harvest of medals for the country at the just concluded World Gymnastics Championship held in the Republic of Malta

The Permanent Secretary, Federal Ministry of Sports and Youth Development, Alhaji Ismaila Abubakar who gave the commendation today in his office when he received the young gymnasts who came to present the medals won at the Tournament to him, applauded them for achieving podium performances, clinching 23 medals (8 gold, 8 silver, and 7 bronze) in different categories of the game.

He commended the Ministry's officials, Gymnastics Federation of Nigeria as well as the technical crew for their commitment to ensuring the successes recorded at the event.

The Permanent Secretary assured that the Ministry will put all necessary administrative machinery on ground in order to provide the nation's athletes with the opportunity to showcase their sporting talents with a view to enabling them compete favourably with their counterparts globally

Alhaji Ismaila further advised parents of the young gymnasts to ensure that their kids remain focused especially in their educational career so as to provide them with a brighter opportunity even as they continue to excel in the field of sports.

Earlier in his remark, the Head Coach of the Gymnastics Federation of Nigeria and leader of the team, Anthony Asuquo disclosed that seven Junior Gymnasts represented the country among other 15 countries at the Malta Championship

He informed that of the seven, Chiwendu Okpanku was rated as the 3rd best in the world and 1st in the Vault.

Mr. Asuquo commended the Permanent Secretary, Alhaji Ismaila Abubakar, Top Management Staff of the Ministry and the present Administration in particular, for their commitment to the development of sports in the country, pledging that the Federation will remain committed to ensuring that the country records more podium appearances at future competitions.

Signed
Mohammed Manga 
Director, Press and Public Relations 
July 26, 2023

 

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