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 sources,a Tanzanian court has charged four people over the murder of an albino woman over six years ago as pressure mounts for authorities in the east African country to do more to stop the killing of albinos whose body parts are prized in black magic.Ezron Mwasimba,Public Prosecutor in the High Court in northern Mwanza city said that the four were accused of killing 22 year old Zawadi Magindu at Nyamalulu village in Geita in November 2008 and cutting off her legs and one arm.They pleaded not guilty yesterday thursday with the hearing to continue next week .The trial is the first of its kind to be held in the Geita region where six albinos were killed and three wounded between 2007 and 2012,according to the police data.It is expected to be closely followed by local residents and campaigners.''We have gathered compelling evidence against the accused persons including from members of the bereaved family who had identified them''.The charges come as members of Tanzania's albino society prepare to hold nationwide protest next week to call on the government to take more action to stop attacks.There are fears of more murders ahead of an election later this year because of the risk that some politicians could turn to witchcraft to improve their chances.The demonstrations have been triggered by the abduction and suspected murder of to albino children in the past two months.
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