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. UZODIMMA ASSENTED IMO ELECTRICITY BILL INTO LAW. (PHOTOS). #PRESS RELEASE.

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 GOVERNOR UZODIMMA ASSENTED IMO ELECTRICITY BILL INTO LAW


Governor Uzodimma has officially signed the Electricity Bill into law at the New Exco Chamber, Government House Owerri. This development marks a pivotal moment in the state's efforts to improve access to reliable electricity for its residents. 


Emphasizing the importance of uninterrupted power supply for economic growth, he announced the approval of President Bola Ahmed Tinubu, to take over the Egbema Power Plant, which has been abandoned since 2006 and an MOU has been signed for the generation, transmission, and distribution of electricity in the State with a reputable Company. 


The Governor is optimistic that within 12 months, Imo State's power infrastructure will substantially improve, thanks to the new legislation. 


Presented by the Speaker Imo State House of Assembly, Rt Hon Chike Olemgbe, accompanied by other Principal Officers of the Assembly, the Governor described the occasion as "another milestone in the development of Imo State targeted at moving Imo to a higher level." 


More photos below. 






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