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

CAS HOSTS AERO VODOCHODY VP, EXPLORES SUPPORT OPTIONS FOR L-39 FLEET OPTIMISATION . (PHOTOS). #PRESS RELEASE


 CAS HOSTS AERO VODOCHODY VP, EXPLORES SUPPORT OPTIONS FOR L-39 FLEET OPTIMISATION 


The Chief of the Air Staff (CAS), Air Marshal Hasan Abubakar, today, 12 November 2024, hosted the Vice President Defence and MRO of Aero Vodochody, Mr Jan Stechr, and his team at the Nigerian Air Force (NAF) Headquarters, Abuja. The visit centred on enhancing technical support and sustainability for the NAF’s L-39 aircraft fleet.


Air Marshal Abubakar lauded Aero Vodochody’s 4 decades of partnership with the NAF and affirmed the Service’s commitment to exploring options for fleet optimisation. He assured the delegation that their proposals, including reactivation, upgrades, and potential acquisition of the L-39 Next Generation (NG), would be thoroughly evaluated. 


Mr Stechr highlighted how these initiatives would boost fleet readiness and operational effectiveness. The engagement with Aero Vodochody aligns with the CAS' Command Philosophy which is driving the NAF's transformation into an agile and resilient force, effectively delivering credible airpower to address national security imperatives in all operational environments.

More photos below. 











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