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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GOV. ABIODUN DIRECTS IMMEDIATE PAYMENT OF N1BILLION GRATUITY.(PHOTO).#PRESS RELEASE

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 ABIODUN DIRECTS IMMEDIATE PAYMENT OF N1BILLION GRATUITY



Ogun State Governor, Prince Dapo Abiodun has directed the Bureau of State Pensions, to commence immediate payment of gratuity to pensioners in the State.


The N1b gratuity was released to ease and bring succour to the senior citizens, who have served the State and the Local Government diligently.

           

This was made known by the Permanent Secretary in the Bureau, Mr. Adesoji Adewuyi during an interview with journalists in his office at Oke-Mosan, Abeokuta.


He stated that the gratuity would cater for pensioners who were scheduled for September and part of October 2014, adding that it would also take care of part payments of Basic, Rent, and Transports (BRT) allowances for January and February 2013 of the pensioners.


Mr. Adewuyi stated that some pensioners with urgent medical needs were also attended to from the gratuity released, and pleaded with those who were yet to receive theirs to be patient with the present administration, assuring that all pensioners would be paid accordingly.


The Permanent Secretary appreciated Prince Abiodun for the payment of a cash palliative of N10,000 for pensioners, to enable them to cope with the economic situation occasioned by the removal of the fuel subsidy for the period of three months with effect from July 2023.

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