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 a local media report,the two South African men who beat and stabbed a Mozambican man to death during a wave xenophobic violence in April last year were sentenced to 17 and 10 years in prison in monday.Mthinta Bhengu and Sifundo Mzimela,who were caught on camera attacking Mozambican national Emmanuel Sithole in a township in the economic hub of Johannesburg,were found guilty of murder in November.Bhengu,who has a previous conviction for violent crime,received the harsher sentence,702 Talk Radio reported.Magistrate Van der Schyff said Bhengu continued to attack the Mozambican vendor even while the victim was begging for mercy,the radio said.Van der Schyff said ''It is not acceptable that a person should be killed in this manner''.The wave of anti-immigrant attacks first surfaced in the eastern Kwaulu Natal Province in April before flaring up in Johannesburg.More photos below. 
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