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
Nigerian international writer/author Chimamanda Ngozi Adichie spoke to New York Times about President Muhammadu Buhar.She starts off by saying that she welcoomed his election in 2015,especially as it signalled a peaceful and democratic transfer of power.But that optimism is now gone and she says Mr Buhari missed his chance to change Nigeria.Ms Adiche attacks his initial policy of trying to support the currency,the naira,in the face of the overwhelming pressure for it to be devalued.She is also critical of the attempt to ban the import of certain goods.''His intentions,good as they well might be,are rooted in an outdated economic model and an infantile view of Nigerians.For him,it seems,patriotism is not a voluntary and flexible thing,with room for dissent,but a martial enterprise: to obey without questioning,'' she said.She also discusses the insecurity in the country and the perception in the south of the country ''that he promotes a northern Sunni Muslim agenda''.Overall,she says ''There is an ad hoc air to the government that does not inspire that vital ingredient for a stable economy: confidence''.
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