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
Yesterday sunday,workers were seen bringing down Hosni Mubarak's now defunct National Democratic Party's Headquarters,Activists in the country had wanted the concrete tower to be reserved as a monument to the uprising that removed Mubarak from power.The headquarters is situated near Tahiri Square the epic centre of the uprising that toppled Mubarack's Government in 2011.The building was burnt by activists during the 2011 protests.The move to demolish the building was approved by the government in April this year after lengthy public discussion about it.For protesters,the headquarters was a charred reminder of the revolt against Mubarak's 29 year reign so the building was set ablaze on Jan 28,2011,when protesters overwhelmed Mubarak's police forces and took control of Tahiri Square.
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