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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ILLEGAL PETROL SALE: LAGOS TASKFORCE APPREHENDS SIX. (PHOTOS). #PRESS RELEASE.

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 ILLEGAL PETROL SALE: LAGOS TASKFORCE APPREHENDS SIX. 



The Lagos State Taskforce today conducted a sweeping operation from Fadeyi down to Maryland, and Charity Bus Stop down to Airport Road where six suspects involved in the illegal sale and display of petroleum products were apprehended. These individuals were caught red-handed hawking petrol to motorists at exorbitant rates, thereby further exacerbating the already intense situation faced by many Lagosians .


The Chairman of the Agency, CSP Adetayo Akerele who led the operations disclosed that the current fuel scarcity is no excuse for miscreants to exploit Lagosians by purchasing large quantities of petrol in gallons and kegs, only to resell them on the streets at exorbitant prices. The arrested suspects He stated that this unscrupulous practice not only burdens already struggling motorists but also poses significant safety risks due to the highly inflammable nature of petroleum products.


“We are committed to curbing these illegal activities and ensuring that the safety and well-being of the public are not compromised. The actions of these black market operators are not only cruel but also a severe threat to public safety, as the improper handling and storage of petrol could lead to catastrophic fire disaster”.


The Chairman sounded a note of warning to any individual or groups who connive with petrol stations to sell petroleum products to desist forthwith or risk being arrested.  He urged members of the public to report any suspicious collaborations between any elements involved in the sale of petrol illegaly in order to forestall any disasters. 


The Agency also urges the public to report any suspicious activities related to the  illegal storage and sales of petroleum products, warning those involved in such practices that they will be met with the full force of the law.


The Lagos State Taskforce will continue to clamp down on these sets of merchants or any other individuals involved in activities that could be harmful to the environment and poses a threat to safety and wellbeing of Lagosians. 


He assured that safety, serenity and habitability of the residents and visitors of the metropolis are not undermined in any form.

 

The six suspects, Toibu ishola 44, Yakubu Olayiwola 34,Adebayo Rasak 29,Maria Balogun 50,Motunrayo Dosunmu 43, John Ogunfowokan will be charged to court and petroleum products seized will be forfeitted to the State Government through the Court. 


Gbadeyan Abdulraheem

Director, Press & Public Affairs

Lagos State Taskforce. 

One more photo below. 


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