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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EX-VP OSINBAJO APPOINTED CHAIRMAN CAP-A BOARD OF DIRECTORS. (PHOTO).

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Former VP Osinbajo Appointed Chairman CAP-A Board Of Directors

The Climate Action Platform for Africa (CAP-A) has appointed former vice president Professor Yemi Osinbajo as its Chair of the Board of Directors.

This appointment follows the inaugural Africa Climate Summit in Kenya on September 6, which underscored the urgency of accelerated climate action.

CAP–A Founder James Mwangi, in a message, said Prof. Osinbajo’s expertise would advance CAP-A’s objectives.

Prof. Osinbajo, commenting on his new role, stated, “I have witnessed CAP-A’s efforts in reshaping Africa’s narrative from a climate crisis victim to a catalyst for global climate action. I am honoured to serve as Chair of the Board to support CAP-A’s teams and initiatives across the continent, promoting Africa’s sustainable economic development through climate-positive growth.”

Prof. Osinbajo served two terms as Vice President of Nigeria and previously held the positions of Attorney General and Commissioner for Justice in Lagos State.

As a Senior Advocate of Nigeria, he is among the country’s top legal experts and formerly held the role of Professor and Head of the Department of Public Law at the University of Lagos.



 

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