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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OSUN GOVT CANCELS INDEPENDENCE DAY CELEBRATIONS. (PHOTO).

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Osun Government Cancels Independence Day Celebrations

Governor Ademola Adeleke has cancelled celebration of independence day earlier slated for Sunday October 1st.

In a statement issued by his spokesperson, Mallam Olawale Rasheed, the Governor urged Osun people to pray for the continious peace and prosperity of Nigeria.

"Let us use the Independence Day to meditate and pray on the state of our nation. Our people are passing through tough times. It is time to take stock and seek divine intervention and guidance in the affairs of our nation.

"I greet Osun people and Nigerians in general as the Independence day knocks at our doors. Here in Osun, we will celebrate with meditation and prayers", the Governor was quoted as saying.



 

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