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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NO FEWER THAN THREE PERSONS HAVE ESCAPED DEATH IN A MULTIPLE CRASH THAT OCCURRED IN THE ANTHONY OBANIKORO AREA OF LAGOS ON SATURDAY. (PHOTO).

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No fewer than three persons have escaped death in a multiple crash that occurred in the Anthony Obanikoro area of Lagos on Saturday.

In a statement by the Lagos State Traffic Management Authority, made available on its verified X handle @followlasma, the multiple accidents involved a 40-foot container, two Toyota Camry cars (KRD 432 JA and APP 43 HN), and a tipper loaded with sand (T 17001LA).

The agency noted that one Lawal Babatunde of the Eagle Bravo of Zone 11 Anthony, along with the police in the Ilupeju area of the state, led the rescue mission.

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According to the LASMA investigation, due to brake failure, the 40-foot container truck, while travelling at top speed, collided with three other vehicles, including a fully loaded tipper with sand.

The statement partly read, “The General Manager of LASTMA, Mr Bolaji Oreagba, cautioned the motoring public to always ensure that their vehicles are in good condition before embarking on any journey both within and outside Lagos.

“Policemen from Ilupeju Police Command supported Lastma officials during the rescue operations.”

 

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