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 BBC,research showed that HIV can be flushed out of its hiding places in the body using cancer drug.They said the cornerstone of treatment,anti-retroviral therapy,kills the virus in the bloodstream but leaves HIV reservoirs untouched.The study published in Plos Pathogens,showed the drug was highly potent at reactivating hidden HIV.Experts said the findings were interesting,but it was important to know if the drug was safe in patients.A strategy known as ''Kick and Kill'' is thought to be key to curing HIV.The kick would wake up the dormant HIV allowing the drugs to kill it.The team at the UC Davis School of Medicine investigated PEP005 one of the ingredients in a treatment to prevent cancer in sun damaged skin.They tested the drug in cells grown in the laboratory and in parts of the immune system taken from 13 people with HIV.The report said PEP005 is highly potent in reactivating latent HIV and that the chemical represents a new group of lead compounds for combating HIV.One of the researchers,Dr Satya Dandekar said ''We are excited to have identified an outstanding candidate for HIV reactivation and eradication that is already approved and is being used in patients.This molecule has great potential to advance into translational and clinical studies''.However,the drug has still not been tested in people who are HIV positive.
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