Posts

Showing posts from April 4, 2015

INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

-
Image
  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
Post a Comment
Read more

SENEGAL HAS SCRAPPED VISA REQUIREMENTS FOR ALL FOREIGNERS,TO REVIVE THEIR TOURISM SECTOR.

-
Image
                    The cost and administrative hassle of visas,couple with the taxes on air tickets,led to the fall in the number of visitors to Senegal.According to Senegal President Macky Sall said yesterday friday that the new measure on visa free travel,will come into effect on May 1st.Taxes on airfares would be cut by half in a bid to make Senegal a more competitively priced destination .It was not clear when the taxes on airfares would be cut,but many hotels along Senegal coastline that was once full of French visitors closed early this tourist season as fears over an Ebola outbreak in neighboring Guinea and nearby Liberia and Sierra Leone came on top of a gradual decline in the industry.Senegal recorded one case of Ebola last year but prevented any further spread.Senegal is looking for a strategic partner to relaunch its indebted state carrier Senegal Airlines ahead of the opening of a new international airport next year as it seeks to become a hub for air travel in West Africa
Post a Comment
Read more

3 DAYS OF MOURNING,DECLARED IN KENYA BY PRESIDENT KENYATTA,AFTER THE UNIVERSITY ATTACK.

-
Image
                  In a televised address today saturday in Kenya,their President Uhuru Kenyatta said Alshabaab will not be able to create an islamic caliphate in Kenya.He also declared a three day mourning following the killing of university students at Garisaa University college on thursday.148 people died in the attack,including policemen who were guarding the institution.The Al Shabaab group claimed responsibility for the massacre in which four terrorist were killed.Kenyatta said Kenya would defend her territory and the way of life of her people and urge more help from the country's muslim community in rooting out radical element.''The task of countering terrorism has been made more complex by the fact that the planners and financiers of this brutality are deeply embedded in the communities''.One more photo below.                                                                                                                  
Post a Comment
Read more