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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LASG BROKER PEACE BETWEEN NATIONAL, STATE NURTW.(PHOTO).#PRESS RELEASE

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… LIFTS SUSPENSION OVER ITS OPERATIONS IN LAGOS

Following weeks of mediation between the National Committee and the Lagos State Chapter of the National Union of Road Transport Workers, (NURTW) by the Lagos State Government, the State and National bodies of the union have reconciled with a resolution for a peaceful co-existence.

Speaking during a courtesy visit to the Ministry of Transportation by the Union Leaders, the Permanent Secretary, Engr. Abdulhafiz Toriola stated that the State Government has done the needful to ensure a peaceful resolution of the differences between the National Chapter and State Chapter of the Union by lifting the suspension placed on the Union over a year ago.


The Permanent Secretary also commended the executives of the Lagos State Parks and Garages Committee for holding forth, urging the Union to maintain the peace and operate within the ambit of their constitution as they commence the transition back to NURTW.

Lauding the Lagos State Government, Former National President of the Union and Chairman Transition Committee, Alhaji Najeem Yasin applauded the efforts of the State Government and the Ministry in the resolution process. He assured the State Government that the union will continue to be in support of the law and the development of the State.


The reinstated Chairman, Alhaji. Musliu Akinsanya thanked the State Government and the National EXCO of the NURTW for their support and assured the State of the Lagos Chapter’s cooperation.

The members of the National body present during the visit include Comrade Aliyu Issa Ore, Alhaji Hassan Haruna and Comrade Kayode Adeyanju while others from the Lagos State Parks and Garages are Alh. Sulaimon Ojora, Comrade Olayiwola, Comrade Ibrahim Yusuf, Shittu Ganiyu, Yinka Hassan, Moshood Omojuwa, Agoro Ismaila and Akeem Tijani Salami

 

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