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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EDO SUSPENDS SCHOOL RESUMPTION UNTIL FURTHER NOTICE DUE TO THE HIKE IN FUEL PRICE. (PHOTO).

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 Edo suspends school resumption until further notice due to the hike in fuel price


Edo State governor, Godwin Obaseki, has announced an indefinite postponement of the resumption of all schools in the state due to the recent increase in fuel prices.


This was disclosed in a memo issued by the Permanent Secretary of the Ministry of Education, Ojo Akin-Longe, on Saturday, September 7. 

 

“The Edo State Government hereby announces that the resumption of all public and private schools in Edo State, initially scheduled for Monday, September 9, 2024, has been postponed until further notice


This decision has been made in response to the rising tension and challenges resulting from the recent fuel price increase,” the memo reads.

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