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
The South African Government is yet to decide whether it will seek a two year opportunity,in which to sell off its rhino horn stock pile as a means of halting or slowing the slaughter of the animals by poachers.This comes as the belief persists in some circles that flooding the market with legal horn would reduce the attraction of poaching as the price of the horn falls.Scores of rhino have already been poached in South Africa this year.Worldwide,the trade in rhino horn was banned in 1977 by the convention on International Trade in Endangered Species of Wild Fauna and Flora {Cities}.In South Africa Moratorium on domestic rhino horn sales was introduced in 2009.
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