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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ONDO ASSEMBLY EXTENDS GOV. AKEREDOLU MEDICAL LEAVE INDEFINITELY. (PHOTO).

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Ondo Assembly Extends Akeredolu Medical Leave Indefinitely


July 10, 2023


Ondo lawmakers have approved an extension of the medical leave of Governor Oluwarotimi Akeredolu.


No date was fixed for the resumption of the Governor in the new


Governor Akeredolu last month began medical leave and said he would resume duties on July 7.


The new extension, according to Speaker Olamide Oladiji, was based on the doctor’s advice on the need for the Governor to take adequate rest after recuperating.


Oladiji said Governor Akeredolu forwarded the letter of extension on medical leave in line with section 190 of the Constitution of the Federal Republic of Nigeria (as amended).


Oladiji said the Governor, in the letter, said his Deputy, Mr. Lucky Aiyedatiwa, would continue to act as Governor until a written declaration to the contrary is made.


The Speaker, who expressed appreciation to God for the speedy recovery of the Governor, expressed optimism that he would soon resume his duty.

 

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