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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ONIGBONGBO LCDA CHAIRMAN, DOTUN OLAKANLE DIES. (PHOTO).

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 Onigbongbo LCDA Chairman, Dotun Olakanle Dies


The Chairman of Onigbongbo Local Council Development Area, Oladotun Olakanle is dead.


The Chairman reportedly died early Saturday, 2 November, 2024.

Circumstances surrounding his death are still sketchy as at press time.

His administration distributed vehicles to police formations in his council area on Friday, 1 November, 2024.

Reports also stated that he was at the burial party for the late All Progressives Congress (APC) chieftain, Dr Adesola Taiwo, Chief Executive Officer of Adefemi Taiwo Hospitals on Thursday, 31 October, 2024.

This would be the second time sitting Council Chairman in Onigbongbo LCDA would die in office during their second term.

Olakanle’s predecessor, Babatunde Oke, also died in office deep into his second term.


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