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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FIRE GUTS SECTION OF DANGOTE REFINERY.(PHOTO).

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 Fire guts section of Dangote refinery

Fire guts section of Dangote refinery


A section of the Dangote Petroleum Refinery has been gutted by fire. 


The incident occurred on Wednesday.


Speaking to TheCable, Anthony Chiejina, a spokesperson at Dangote Industries Limited, said the incident occurred at the effluent treatment plant (ETP). 


An ETP is a type of wastewater treatment method which is specifically designed to purify industrial wastewater for its reuse — to release safe water to the environment from the harmful effects caused by the effluent.


He said the fire had been contained, adding that it was a minor incident.


“We have swiftly contained a minor fire incident at our effluent treatment plant (ETP), today Wednesday 26th of June,” Chiejina said.


“There is no cause for alarm as the refinery is operating and there is no recorded injury or body harm to all our staff on duty.”


Dangote refinery, on January 12, commenced production of diesel and aviation fuel.


The 650,000 barrels per day (bpd) capacity refinery was inaugurated by former President Muhammadu Buhari in May 2023.

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