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
Today friday April 2,marks the 23rd year after 1994 Rwanda Genocide against the Tutsi by the Hutus in which over 1 million Tutsi were killed.Flags will fly at half-mast during the national commemoration week which marks the beginning of the 100-day genocide memorial period.Government launched the Genocide on April 7,1994,and stopped on July 4th by Rwanda Patriotic Army.President Paul Kagame will light a flame of hope today friday at Kigali Genocide Memorial Centre.The flame,which will stay lit throughout the commemoration period,symbolizes Rwanda's hope of a better future.More than 400 guests including international leaders,dignitaries,survivors and their families and representatives of survivor organisations will attend the ceremony.It is followed by a walk to remember in the afternoon,then a night vigil at National stadium.More graphic photos below.
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