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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ENUGU STATE GOVT POSTPONES REOPENING OF COLLAPSED BRIDGE. (PHOTO).

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Enugu State Govt postpones reopening of collapsed bridge

The Enugu State Government said it has deferred the reopening of one lane of the collapsed Enugu-Port Harcourt Expressway Bridge following expert advice.

The government said that it received advice from the project manager, Mr Mohammed Fadi, not to reopen the bridge “for safety purposes” until it had been fully completed.

Commissioner for Information and Communication Aka-Eze Aka made this disclosure in a statement issued in Enugu and made available to newsmen on Monday.

The Commissioner for Works, Gerald Otiji, had said at a post-State Executive Council meeting news briefing on December 25 that one lane of the bridge would be reopened for motorists to ease traffic during the Yuletide celebrations.

However, Aka explained that the bridge would no longer be reopened as announced.

He said, based on the expert advice, it should, on completion, be subjected to a series of integrity tests to certify it fit for public use.

 

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