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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WE'RE NOT GRABBING LAND BUT... -MAKINDE. (PHOTO).

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 We’re Not Grabbing Land But… — Makinde


‘Seyi Makinde, governor of Oyo State, has revealed that his administration is not grabbing land, but that before development can take place, there would be sacrifice.

He said he had noticed how some individuals have been accusing him of converting everywhere to a housing estate, adding that some developments have to take place even if they appear to be unpalatable at the moment.

According to the governor who spoke at the 80th interdenominational prayers for former governor Rashidi Ladoja, noted that the decisions being taken are in the best interest of the state, saying, however, that wherever there are challenges, his government remained open to addressing them and finding a lasting solution.

He said: “Some critics have falsely accused us of land-grabbing. I even read somewhere on social media that the way Seyi Makinde is going, he might even convert the Lekan Salami Stadium and even the Secretariat into housing estates.

“Well, there has to be development. But if there must be development, it will follow a certain trajectory. Where there are challenges, I will say it again and again, we will address them.

“It is God that puts one in a position and it is not by one’s power or knowledge. So, this is just an opportunity for me to tell you to engage with us; wherever there are challenges, we can solve the problem together.”

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