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 U.S Supreme Court has ruled in favour of a muslim woman who sued after being denied a job at a clothing store because she showed up to the interview wearing hijab.The clothing compan declined to hire Samantha Elauf in 2008 as a sales associate because her Hijab violated the company's ''Look policy'',which at the time prohibited employees from wearing head coverings.Samantha Elauf was never informed of the ''Look policy''.Elauf filed a complaint with the Equal Employment Opportunity Commission on an 8-1 vote yesterday monday,the justice handed a victory to a federal agency that Sued the clothing company Abercromble & Fitch on behalf of job applicant Samantha Elauf.The company argued that it's store policy bans sales employess from wearing ''caps'' of any type and that Elauf,then 17 should have made clear in her 2008 interview that she needed a religious accommodation.A jury eventually awarded Samantha $20,000 but the 10th U.S circuit of appeals in Denver,Colorado,threw out the award and concluded that Abercromble & Fitch could not be held liable because Elauf never asked the company to relax its policy against head scarves.The ruling was welcomed by the council on American Islamic Relations {CAIR} which campaigns for the civil liberties of Muslim communities in the defence of religions freedom at a time when the American muslim community is facing increased levels of Islamophobia''.Said CAIR National Executive Director Nhad Awad.
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