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

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  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
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NIGERIA & SWITZERLAND,HAVE SIGNED AN AGREEMENT THAT PAVES WAY FOR THE RETURN OF $300 MILLION ABACHA LOOT.

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                        Vice President of Nigeria Yemi Osinbajo said yesterday tuesday that Nigeria and Switzerland have signed an agreement that paves the way for the return of more that $300 million confiscated from the family of the Nigeria's former military ruler,Sani Abacha.Laolu Akande,a spokesman for Nigerian Vice President Yemi Osinbajo,said in an emailed statement that Nigeria's attorney general signed a letter of intent,under the terms of which Switzerland will award Nigeria $321 million acquired by the Abacha family.Swiss authorities said the letter of intent was also signed by its head of the Federal Department of Foreign Affairs,Didier Burkhalter and marks an important step toward the return of assets monitored by the world bank.Transparency International,a corruption watchdog,has accused Abacha of stealing up to $5 billion of public money during the five years he ran Nigeria as president from 1993 until his death in 1998.More photos below.                                           

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