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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GOV. OYEBANJI NAMES OLOWOLAFE EKSU CHANCELLOR.(PHOTO).#PRESS RELEASE

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GOV. OYEBANJI NAMES OLOWOLAFE  EKSU CHANCELLOR


 Ekiti State Governor, Mr Biodun Oyebanji has approved the appointment of business mogul, Dr Tunji Olowolafe as the Chancellor of Ekiti State University, Ado-Ekiti.


This is in exercise of his power as Governor of the state and Visitor to the University.


Dr. Olowolafe, who hails from Are-Ekiti is a medical doctor -turned businessman with decades of professional experience and an excellent reputation.


He is the Chief Executive Officer and Managing Director of Deux Project Limited, a civil engineering, construction, consultancy, and maintenance company, which he co-founded in 1988. He had previously served as a member of Ekiti State Covid- 19 Resource Mobilization Committee. 


Dr. Olowolafe, a graduate of Medicine and Surgery from the University of Ilorin, Kwara State, had a brief stint in medical practice before launching his career as a business owner. He’s also the Founder of Generic Product Limited, which he launched in 1996, and the Chairman and Managing Director of Deux Investment Limited.


The appointment is with immediate effect.


Signed: 

Yinka Oyebode

Special Adviser, Media to the Governor, Ekiti State. 

12-01- 2024



 

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