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
Around 10:am today wednesday,a bus and two tipper trucks were involved in a ghastly accident that killed no fewer than six people.The commercial bus was attempting to over-take one of the tipper trucks right on Jimgbe bridge when it brushed the other and forcing both off the bridge.The six people that died were occupants of the commercial vehicle,including the driver.The oncoming tipper truck veered into the bush while trying to avoid head-on collition with both vehicles.A six of both tipper trucks however survived and were evacuated to a hospital for medical attention.
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