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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THE BAN ON RUSSIA TO COMPETE IN SOME SPORTS IN THIS 2016 OLYMPICS IN RIO,HAS BEEN LIFTED.

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                Russia finally get the nod to compete in the 2016 Olympic s in Rio after ban is lifted on some sports people.270 Russians cleared to compete at Olympic Games and over 100 other Russian athletes banned from competing in th games in Rio Brazil.A three member International Olympics Committee panel made decision following an appeal by some Russian sports people.Those given the go ahead include 29 swimmers and canoeing world champion,17 Russian rowers among others.

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