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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IRANIAN ACTIVIST WHO WAS ARRESTED LAST WEEK,HAS BEEN RELEASED FROM ITALIAN PRISON.{READ}.

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                                According to Reuters,Mehdi Khosravi,an Iranian activist arrested last week in Italy,said today friday he had been released from jail,following an appeal to the Italian government by the son of the deposed shah.Reza Pahlavi,55,whose late father was toppled by the 1979 Islamic Revolution,said in a letter to Italian Prime Minister Matteo Renzi on Monday that Khosravi risked torture and execution if Italy extradited him as Tehran has demanded.Pahlavi posted the letter om his Twitter account.Khosravi,37 told Italian newspaper La Repubblica he had been let out of jail in Lecco,northern Italy,five days after police arrested him on an international warrant for alleged corruption.''These are false and ridiculous accusations to which I will not even respond''.Khosravi,who sayys he fled Iran after getting in trouble with authorities for writing about ''democracy,rights and freedom'' on his blog.Khosravi has lived as a political refugee in Britain since 2010.In his comments to the newspaper,asked why he was arrested in Italy,given that he had travelled freely in France,Germany and Spain.The Italian interior ministry had no immediate comment.

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