INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

Image
  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

GROUP CONDEMNS ATTEMPT TO DEMARKET ENUGU INT'L AIRPORT, CALLS FOR INVESTIGATION. (PHOTO).



 Group Condemns Attempt to Demarket Enugu Int’l Airport, Calls for Investigation


The Enugu Good Governance Group has frowned at what it described as a deliberate attempt to demarket the Akanu Ibiam International Airport, saying it was unfounded and an unhealthy rivalry taken too far.


The group, which was reacting to a report, which claimed that the runway of the airport was in disrepair and that the facility may be shut down to avert plane crash, however, commended the Federal Airport Authority of Nigeria, FAAN, for the timely rebuttal of the fake report.


The group vented its displeasure via a statement issued by its Director of Communications, Mr. Chuks Onovo, on Wednesday.


The group went further to call on the National Security Adviser, NSA, Mallam Nuhu Ribadu to investigate the false claim with a view to bringing the culprits to book.


FAAN had on Tuesday refuted the report, maintaining that there was no plan whatsoever to shut down the airport either before Christmas or in the foreseen future.  


The assurance was given by the Manager of the Akanu Ibiam International Airport and Regional Manager of FAAN for the South East, Mr. Hillary Umunna, who declared that "the airport is in the best shape," noting that regular maintenance work was always done to sustain the standard attained by the runway in August 2020.

Comments

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

SSANU, NASU THREATEN STRIKE OVER WITHHELD SALARIES. (PHOTO).