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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U.S TO SPEND $550 MILLION ON AFRICAN RAPID RESPOND FORCE.

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U.S. President Barack Obama (C) delivers opening remarks to more than 50 fifty leaders gathered for the U.S.-Africa Leaders Summit Session One on 'Investing in Africa's Future,' at the U.S. State Department in Washington August 6, 2014. REUTERS/Jim Bourg             According to one of the U.S officials,the United State announce today plans to spend $110 million a year over the next three to five years to help African Nations develop peace keeping forces that can be rapidly deployed to head off militant threats and other crises.President Barack Obama is expected to unveil the program during the third day of a summit of African heads of states in Washington,along with another U.S plan to spend an initial $65 million to bolster security institutions in Ghana,Kenya,Mali,Niger,Nigeria and Tunisia.The United State would partner with Senegal,Ghana,Ethiopia,Rwanda,Tanzania,Uganda to develop rapid response forces.Those forces would be ready to deploy as part of United Nations or African Union missions.One more picture below.                                                                                                                   

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