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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PASTOR ASHIMOLOWO QUITS PREACHING AFTER 40 YEARS, BEGINS REAL ESTATE BUSINESS. (PHOTO).

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Pastor Ashimolowo Quits Preaching After 40 Years, Begins Real Estate Business

After preaching the Christianity gospel for over 40 years, veteran Pastor Matthew Ashimolowo, founder of Kingsway International Christian Centre, KICC, has chosen a new career real estate business, The Will reports.

According to the report, the famous televangelist has retired from full-time Christian ministry and is now one of the biggest landowners in Lagos.

Although he has been acquiring real estate since the age of 27, when he acquired a small parcel of land, he expanded it to include about 900 acres of land in the Mowe area of Ogun State, where he built six estates before moving on to acquire more parcels of land in Ibeju Lekki coastal area of Lagos.

In addition to owning several properties in Pinnoch Estate, Lekki, Lagos, where he lives in a luxurious, smart-enabled mansion, he also owns several acres of land scattered around Lagos.

Pastor Ashimolowo is also said to be building one of Lagos’s most prominent luxury estates via his Makarios Luxury Properties.

The luxury estate known as Makarios is a dream city that hopes to rival the Dubai Marina. It sits on 95 acres of land where many rich people are now buying service plots.

The estate, which a German company is constructing, will feature about 10-floor high-rise buildings, 192 terrace houses, and 18 detached houses at completion.

He has earmarked almost 300 parcels of land on the luxury estate for sale. While he has a full-time pastor managing the Lagos branch of his church, his first son, Tobi, is in charge of the London branch and headquarters.

 

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