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

BUILDER, HIS TWO SONS PERISH AS BUILDING UNDER CONSTRUCTION COLLAPSES IN NNEWI. (PHOTOS).


Builder, His Two Sons Perish As Building Under Construction Collapses In Nnewi



A builder identified as Chizoba Aniefuna and his two sons have lost their lives following the collapse of a storey building with pent house at Egbu Umuenem, Otolo Nnewi, Nnewi North LGA of Anambra State.

Also trapped in the building which was still under construction was a relative of the builder, who eyewitnesses said was later rescued and rushed to St. Felix Hospital, Nnewi.

When officials of the Council for Regulation of Engineering in Nigeria, COREN and the Transition Committee Chairman of Nnewi North LGA, Engr. Chris Obiora arrived the scene, manual labourers were seen on rescue mission as the excavator brought to rescue the victims broke down at the site.

Addressing journalists after the dead bodies were brought out from the debris, the Anambra State Chairman of COREN, Engr. Victor Meju explained that poor foundation, poor concrete mixture, poor quality of materials, poor wearing cost capacity, nonconformity to standard, non approval from relevant regulatory authorities led to the avoidable tragedy.

He announced seal-off of the collapse site, adding that the owner of the building, Mr. Chukwunafu Anamanjo will be invited for questioning to aid investigation.

Contributing, the Transition Committee Chairman of Nnewi North LGA, Engr. Obiora called on people to always make use of certified Engineers and other relevant personnel in the building sector, adding that monitoring teams are also important in ensuring that all stick to standard.

The Sectoral Head of COREN in charge of Nnewi and environs, Engr. Arinze Okwuosa, said his team observed a lot of foul plays in the course of carrying out their job, calling for government intervention to forestall future occurrence.
More photos below. 




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