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

DAAR COMMUNICATIONS SACKS TOSIN DOKPESI, AMBROSE SOMIDE, TONY AKIOTU, OTHER DIRECTORS. (PHOTO).


 Daar Communications sacks Tosin Dokpesi, Ambrose Somide, Tony Akiotu, other directors

 

The management of Daar Communications has sacked its chairman's wife, Mrs. Tosin Dokpesi, the MD, Tony Akiotu, and nine other directors.


It was gathered that Daar Communications Plc, owners of Africa Independent Television (AIT) and RayPower, has asked directors who have spent 10 years and above in executive positions to go on retirement.


A source close to the company said that the retirement will take effect in November.


Among those affected are Tony Akiotu, Tosin Dokpesi, Ambrose Somide, Paulyn Ugbodaga and Tony Uyah.


“About 11 directors that have spent 10 years and above have been asked to go on retirement. One of them is Tosin Dokpesi who is the widow of our founder and chairman Chief Raymond Dokpesi,” a staff speaking under anonymity disclosed.


Recall that Daar Communications founder Raymond Dokpesi died on May 29, 2023. His son Raymond Dokpesi Jr has been chairman since 2019.


The company posted a loss of N1.6 billion for the year ended December 31, 2023.

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