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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NORWAY CLOSED IT'S EMBASSY IN ZAMBIA,BECAUSE OF CORRUPTION.

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                            According to Sources,Norway has closed its embassy in Zambia with Norwagian Ambassador citing corruption as one of the reasons why his country was moving out of the southern African nation.The embassy also said it was pointless to keep funding a country which did not show commitment to improving its own management.The Norwegian Ambassador Arve Ofstad was quoted as saying ''There was a feeling that the anti-corruption fight has been going very much up and down and we feel that when a country doesn't make enough use of its own resources.I's not doing well enough in terms of public resource management,in terms of its distributional policies,then we should leave.As of today...we found that it was more necessary to keep our embassies elsewhere.Sorry,but that's reality''.Ofstad further said that remaining in Zambia was not viable due to the lack of accountability and progress.Reacting to the development,According to CCTV,opposition Rainbow Party national youth chairperson McDonald Mulongoti,said this was a clear indication that President Edgar Lungu had failed the country.One more photo below.                                                                                                                                                      

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