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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PRESIDENT OF GUINEA-BISSAU, UMARO SISSOCO EMBALÓ VISITS TINUBU .(PHOTO).

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PRESIDENT OF GUINEA-BISSAU, UMARO SISSOCO EMBALÓ VISITS TINUBU 


President of Guinea-Bissau and Chairman of the Authority of ECOWAS Heads of State and Government, Umaro Sissoco Embaló has visited Lagos, where he met with President Bola Tinubu.

It was gathered that President Tinubu, who recently returned from official trips to Paris and London, arrived at his Lagos residence on Tuesday.

During his return, he reiterated his dedication to fostering collaboration between the National Assembly leadership and the President.

 

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