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
According to a spokesperson of the African Union said eight Islamist gunmen infiltrated the main African Union base on thursday christmas day in Mogadishu,and killed three peacekeepers and a civilian contractor.Somali militant group alshabaab claimed responsibility for the attack,which lasted several hours,and said it had killed 14 peacekeepers witnesses reported hearing bomb blasts and volleys of gunfire through the day.Sheikh Abdiasis Abu Musam,alshabaab's military operations spokeman said ''We targeted the enemies at a time they were celebrating christmas''.A.U peacekeeping mission in Somalia said in a statement that ''Terrorists,some of whom were disguised in Somali National Army Uniforms,breached the base camp around lunch hour and attempted tp gain access to critical infrastructure,during which five of them were killed and three others captured''.
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