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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PTAD PAYS PENSIONERS OVER N800M ARREARS.(PHOTO).

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 PTAD Pays Pensioners Over N800m Arrears


Pension Transitional Arrangement Directorate (PTAD) has paid over N800m to 2,730 pensioners of the Civil service Pension Department being payment of accrued arrears and gratuity owned the pensioners.


A statement by PTAD’s Head, Corporate Communications, Olugbenga Ajayi says the pensioners that benefitted from the payment include verified pensioners not on the payroll, those who did not receive their gratuity on retirement and failed payments on the GIFMIS platform.


According to Statement, the Acting Executive Secretary of PTAD, Sulayman Shelleng, affirms that the payment will continue until all accrued arrears are paid.


Shelleng assures other pensioners who are yet to receive their arrears to be calm as the Directorate is working tirelessly to ensure that all outstanding arrears of pensions and gratuity are paid soon.


He further assures DBS pensioners of the Directorate’s continued strive to ensure that their welfare is promoted.

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