INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).
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
They were arrested with attempting to incite violence.All nine defendants,including freelance journalists Tesfalem Waldyes and Edom Kassaye,appeared in court on Sunday after they were rounded up by police on April 25 and 26.On Monday,Human Rights Watch {HRW} called on U.S Secretary of states John Kerry,who visitd Ethiopia on Tuesday,to press the government to unconditionally release all the defendants but Addis Ababa dismissed the critism of the case.According to Leslie Lefkow,HRW Deputy Africa Director says ''The nine arrest signal once again that,anyone who critizes the Ethiopian government,they will be silenced.The timing of the arrests just days before the U.S secretary of state's visit speaks volumes about Ethiopia's disregard for free speech''.
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