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
About 200 protesters took to the streets to call for Egyptian President Abdul Fattah al-Sisi to resign.President Sisi has faced heavy criticism over his executive decision to give away the Red Sea islands,during a visit by Saudi Arabia's King Salman.The uninhabited islands have been under Egyptian control since 1050.The protesters in Cairo chanted ''Sisi out'' and ''We own the land'' which was written in Arabi.Both secular and Islamist activists had called for people to demonstrate against the transfer of the uninhabited islands.The president was forced to publicly defend his decision to give away the islands,Tiran and Sanafir,which are situated at the mouth of the Gulf of Aqaba.He said they had always belonged to the Saudis and Egypt had simply been as led to look after them.He said ''We did not surrender our rights but we restored the rights of others.Egypt did not relinquish even a grain of sand.All the data and documents say nothing except that this particular right is theirs''.Critics of the deal say Mr Sisi's decision to hand over the Islands without Parliamentary approval,and only announce the deal after it was done,was improper.Others have accused the President of giving the Islands away in return for Saudi aid and investment''.It was also reported that the police threw tear-gas at the protestersMore photos below. 
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