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,US President Barack Obama has announced a major environmental policy changes aimed at increasing efforts to combat climate change.Obama says the pkan is the most important one ever taken in tackling climate change.The aim of the revised Clean Power Plan is to cut greenhouse gas emissions from the US power stations by nearly a third within 15 years.President Obama said yesterday monday while unveiling the plan designed to reduce power plant emissions and fated to be a major 2016 campaign issue.,''Combating climate change will protect the nation's economy,security and health.This is our moment to get this right and leave something better for our kids''Democratic presidential candidates praised the plan as a good way to confront the challenges of climate challenge.Republicans cast it as over regulation that will reduce jobs and inflate utility bills,and vowed to change it if elected''.More photos below. 
Comments
Post a Comment