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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LAGOS GOVT REPORTEDLY GIVES LANDMARK CEO, 7 DAYS TO EVACUATE BEACH RESORT. (PHOTOS).

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 Lagos Govt Reportedly Gives Landmark CEO, Paul Onwuanibe 7 Days To Evacuate The Multi-billion Dollar Beach Resort


Paul Onwuanibe, CEO of Landmark Beach Resorts, has appealed to the Lagos State Government (LASG) to consider rerouting only 1.5km of the 700km coastal highway currently under construction to avoid the destruction of the $200 million Landmark Resort.


The Landmark ecosystem accomodates over 80 businesses and annually hosts approximately 3 million visitors, including tourists and members of the diaspora.


Employing directly 4000 Nigerians and indirectly supporting 12,000 jobs, Landmark is a significant contributor to the local economy.


Onwuanibe revealed that he acquired the land in 2007, predating the plans for the coastal highway. However, he has been reportedly given a mere 7 days to evacuate the multi-billion dollar beach resort.

More photos below. 






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