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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SIT-AT-HOME BAN: ENUGU GOVT GIVES TOUGH CONDITIONS TO REOPEN SEALED BUSINESSES. (PHOTO).

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Sit-at-home ban: Enugu govt gives tough conditions to reopen sealed businesses

The Enugu State Government, on Tuesday, announced that all the shops and businesses sealed for not opening on Mondays, would remain closed for one week.

Magic FM reports that the State Government yesterday, Monday, made real its threat to seal any business outfit that complied with the regular Monday sit-at-home.

In a statement signed by Professor Chidiebere Onyia, Secretary to the State Government, the government said the affected shops would not be considered for re-opening until the owners produced tax clearance certificates and other relevant documents.

Onyi said, “The Enugu State Government wishes to commend civil society organisations and residents that took ownership of government’s ban on illegal sit-at-home orders by embarking on peaceful demonstrations in the capital city yesterday. Government commends the participants for their peaceful conduct throughout the demonstrations.

“In previous announcements to the good people and residents of Enugu State, the government had directed business and shop owners to open for normal businesses on Monday and every work day, or have the defaulting business premises and shops sealed. That was exactly what the government did on Monday, July 24, 2023, to enforce its earlier directives.

“All businesses that were sealed shall remain sealed for one week, at the end of which they shall provide their current tax clearance certificates and all other relevant revenue documents to enable the state government to review and consider their formal letters for re-opening.

“Again, all considerations start from Friday, July 28, 2023 from 2.00 pm at the Enugu State Capital Development Authority (ECTDA) headquarters.”
 

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