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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LAGS SIGNED A LETTER OF INTENT WITH A BRITISH COMPANY REPUTABLE FOR THE CONVERSION OF PLASTIC WASTE TO ENERGY. (PHOTOS). #PRESS RELEASE.

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 As part of efforts to reduce plastic waste in the state and facilitate its conversion, the Lagos State Government over the week signed a Letter of Intent (LOI) with a British Company reputable for the conversion of plastic waste to energy.


The LOI will grant access to the decommissioned Abule Egba landfill for the collection of flexible plastic waste for advanced chemical recycling. The project is a pilot one with GreenDeal Chemicals and Recycling and Greenback Recycling Technologies Ltd.


This project will border around the collection of all flexible plastic waste arriving at the Abule Egba landfill site that will be recycled to generate energy. 


Lagos Waste Management Authority (LAWMA) will make available waste deliveries which will serve as feedstock for the four modules of Chemical Recycling unit to be installed at the site for the duration of the concession. The four modules that will be deployed will require 32 metric tonnes of flexible plastic waste per day as feed stock for chemical recycling from selected and sorted plastic waste.


The Chief Executive Officer, GreenDeal Chemicals and Recycling, Dr. Akintayo Adisa whilst speaking said Green Deal is an initiative that sets out to reduce waste, increase recycling, and promote sustainable practices. He expressed the willingness of his company to work with the Lagos State Government to actualize the circular economy plan of State.


The LOI signing was witnessed by the Permanent Secretary, Office of Environmental Services, Dr. Omobolaji Gaji and Permanent Secretary, Office of Drainage Services Engr. Mahamood Adegbite, Managing Director Lagos Waste Management Authority (LAWMA), Dr Muyiwa Gbadegesin, General Manager Lagos Waste Water Management Office, Engineer Adefemi Afolabi, as well as Directors in the Ministry. Also present are the Lagos British High Commission Deputy Country Director/ Investment Officer, Ms. Morayo Adekunle, Chief Executive Officer, Green Deal Company, Dr. Akintayo Adisa, and others. 

More photos below. 



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