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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FG URGED TO STOP CASUALIZATION OF WORKERS. (PHOTO).

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 FG urged to stop casualization of workers 


 The federal government has been urged to redirect  its policies towards curtailing casualization or contract staffing employment in the country. 


Speaking during the third quadrennial national delegates' conference, of  members of Chemicals and Non metallic Product, held in Ilorin, the national president of the group, Comrade Segun David, described casual work as often temporary, without job security.


The labour leader, said the issue can be checkmated through collaboration with the organized labour, and the civil society organizations.


He said the  growth in irregular work has changed the nature of employment from a labour relationship to a commercial relationship ,with the worker taking all the risks. 


Comrade David explained that the owners  of the business wants to cut costs by all means , adding that  the human capital is treated as mere robots.


He also appealed to  government to check  the high rate of unemployment in the country.


Comrade David maintained that the  challenges of National Development is to manage the economy  and  promote job-led growth rather than the present situation of jobless growth.


The labour leader advised the present administration to  consider various windows of opportunities that will be attractive to business environment and encourage

industrialization for the organized private sector to partner in the provision and expansion of infrastructures at all levels to enable it rise to the occasion and drive the process of employment generation.END

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