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
According to sources,the decision came down from the Italian Supreme Court ''La Corte di Cassazione'' in the case of a 69 year old man,identified only as 'PL',who was caught masturbating in Catania,a city on Sicily's east coast.The man was convicted in May 2015nafter he performed the act in front of students on the University of Catania campus,according to documents filed with Supreme Court.The man was sentenced to three months in prison and ordered to pay a fine of 3,200 Euro.However,the defendant's lawyer appealed the case to the country's highest court,which ruled on the side of the accused in June but only just made its decision public.Judges ruled that public masturbation out of the presence of minors is no longer deemed criminal; conduct due to a change in the law last year,which decriminalized the act.Though Public Masturbation remains a criminal offence in many other parts of the world,the Italian court overturned ''PLS 's'' sentence.The case has been sent back to local courts in Catania to determine exactly what the administrative fine,between 5,651 and 30,000 euro will be.
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