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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FG SETS UP COMMITTEE TO REVIEW VISA PROCESSES. (PHOTO).

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 The Federal Executive Council has set up a tripartite committee to review visa processes and make them less cumbersome.


The Minister of Information and National Orientation, Alhaji Muhammad Idris, stated this in Abuja while briefing State House correspondents on the outcome of this week’s FEC meeting.


He said the committee would work to make it possible for visas to be applied electronically and processed within 24 hours.


Also briefing, the Minister of Finance and Co-ordinating Minister for the Economy, Mr. Wale Edun, said 600 CNG-powered buses would soon arrive in the country to ease transportation and make it affordable.


He also said 30 thousand conversion kits were on their way to sustain the policy and ease the cost of living brought about the government’s economic reforms.

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