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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ONDO ASSEMBLY TO SCREEN AIYEDATIWA’S NOMINEE AS DEPUTY GOV THURSDAY. (PHOTO).

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Ondo Assembly to screen Aiyedatiwa’s nominee as Deputy Gov Thursday

Ondo Assembly to screen Aiyedatiwa’s nominee as Deputy Gov Thursday
Olayide Owolabi Adelami, the nominee for the position of deputy governor of Ondo State, is scheduled to undergo screening before the Ondo State House of Assembly on Thursday.

Speaker of the House, Olamide Oladiji, announced this during Wednesday’s plenary after reading a letter from Governor Lucky Aiyedatiwa.

Oladiji said the Governor acted in line with Section 191(3) b&c of the 1999 Constitution of the Federal Republic of Nigeria as amended.

According to him, “Dr Adelami who hails from Owo in Owo Local Government Area of the State is expected to appear before the House tomorrow, 25th January, 2024 for screening.”

 

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