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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2 CONFIRMED DEAD IN IBADAN EXPLOSION. (PHOTO).#PRESS RELEASE

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2 Confirmed Dead In Ibadan Explosion

National Emergency Management, NEMA says rescue operations are on at Adeyi Estate, Bodija, Ibadan following Tuesday’s night explosion that rocked the area.

According to NEMA, the situation has been brought under control while operations continue to ensure smooth rescue of casualties.

Similarly, the Oyo State Government has appealed to residents to stay away from the site of the incident to enable emergency responders to continue at the site without interference.

Also, Governor Seyi Makinde on X revealed that over 77 victims were injured, while two lost their lives.

”Preliminary investigations by the security agencies revealed that illegal miners occupying one of the houses in Bodija had stored explosive devices there which caused the blast. The investigations are ongoing. All those found culpable for this will be brought to book” Governor noted.

‘‘We are grateful to the first responders, security personnel and all those who are at the scene to assist with the rescue operations as well as the medical personnel taking care of the injured. Please say a prayer for those who have been affected by this disaster as we continue with the rescue operations,” he said

Governor Makinde, who visited the scene of the explosion Tuesday night, said preliminary investigations by security agencies revealed that the explosion was caused by explosive devices stored by illegal miners.


 

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