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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BURKINA FASO,SWEARS IN A NEW PRESIDENT,MICHEL KAFANDO.

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                Michel Kafando,who was the former foreign minister,was sworn in as the transitional President of Burkina Faso today tuesday.Hr his set to announce a Prime Minister tomorrow wednesday and together they will appoint a 25 member government.Kafando said ''Our country will never be a banana republic.Our eyes are open and thing will never be the same again.We will scrupulously respect the political order in this country''.Kafando was chosen by a committee on monday set up after president Blaise Compaore resigned and fled on October 31 in the face of mass protests against his attempt to change the constitution and extended his 27 year rule.Lieutenant Colonel Isaac Zida stepped in the following day and declared himself head of state.

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