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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PREROGATIVE OF MERCY: SANWO-OLU APPROVES RELEASE OF 246 INMATES.(PHOTO).#PRESS RELEASE

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PREROGATIVE OF MERCY: SANWO-OLU APPROVES RELEASE OF 246 INMATES


… Commutes Death Sentence of 39 Inmates to Life Imprisonment

Governor Babajide Sanwo-Olu, on the recommendation of the Advisory Council on the Prerogative of Mercy, has approved the release of 246 inmates from various correctional facilities across the State and the commuttal of death sentence for 39 inmates to life imprisonment.

The Governor signed the release and commuttal orders on the 20th of December, 2023 in cognizance of the New Year Celebrations.

The exercise is in pursuant to the provisions of Section 212 (1) (2) of the 1999 Constitution of The Federal Republic of Nigeria (amended).

The Advisory Council on Prerogative of Mercy in reaching its recommendations exercised due diligence in its deliberation of the applications in line with the applicable guidelines. The Council took note of the information provided by the correctional authorities, the nature of the offence, period of incarceration, age, health and behavioral conduct of the inmates.

The approval for the release of the inmates is in line with the commitment of Mr. Governor to decongest correctional facilities in Lagos State as part of the Justice Sector Reforms.



 

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