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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LASG IMPOUNDS 241 UNLICENSED VEHICLES, WARNS AGAINST USE OF UNREGISTERED VEHICLES. (PHOTO). #PRESS RELEASE.

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 LASG IMPOUNDS 241 UNLICENSED VEHICLES, WARNS AGAINST USE OF UNREGISTERED VEHICLES


In accordance with Sections 15 and 16 of the Lagos State Transport Sector Reform Law (TSRL) 2018, the Lagos State Government has impounded 241 vehicles during a recent enforcement exercise conducted by the Vehicle Inspection Service (VIS). The vehicles were found to be unlicensed and in violation of the state’s transportation regulations.


The Lagos State Commissioner for Transportation, Mr. Oluwaseun Osiyemi, cautioned motorists to avoid driving unregistered vehicles, emphasising that such practices undermine law enforcement efforts, particularly in identifying and tracking stolen vehicles or those involved in criminal activities.


Quoting Section 16 of the TSRL 2018, Mr. Osiyemi reiterated that driving a vehicle without proper registration or affixed identification marks constitutes a legal offence. He further revealed that a fake dealer number plate was discovered on one of the impounded vehicles, noting that investigations are ongoing to apprehend and prosecute those responsible for issuing the fraudulent plate.


The Commissioner urged all motorists to adhere to the state's traffic regulations, stating that compliance would enable the government to fulfil its mission of ensuring a safe and secure environment for all road users.

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