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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EDUN CHAMPIONS AFRICAN ECONOMIC RESILIENCE AT AFRICAN CAUCUS 2024. (PHOTO). #PRESS RELEASE

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 PRESS RELEASE 


EDUN CHAMPIONS AFRICAN ECONOMIC RESILIENCE AT AFRICAN CAUCUS 2024



At the opening ceremony of the African Caucus Meeting 2024 held in Abuja, Nigeria, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun delivered an address emphasizing the resilience of African economies and their commitment to achieving consistent growth to alleviate poverty across the continent.  


In his capacity as Chairman of the event, the Honourable Minister highlighted the critical need to identify strategic opportunities and align with investor interests to effectively deploy resources for economic advancement.  


"African growth must be embedded in human capital," HM Edun asserted, emphasizing the necessity of investing in people as Africa progresses toward a brighter future.  


The theme of the event, "Facilitating Intra-African Trade: Catalyst for Sustainable Development in Africa," was recognized as pivotal for accelerating the transformation of African nations. The Honourable Minister expressed optimism about how this focus will contribute to sustainable growth and development.


Signed 

Mohammed Manga FCIA

Director, Information and Public Relations 

August 2, 2024

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