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

DOZENS OF U.S,OIL WORKERS LEAVING IRAQ AFTER AIR STRIKE.{PHOTOS}.

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    According to Reuters '' BASRA, Iraq (Reuters) - Dozens of U.S. citizens working for foreign oil companies in the southern Iraqi oil city of Basra were leaving the country on Friday, the Oil Ministry said, after a U.S. air strike killed a top Iranian commander in Iraq.
The U.S. embassy in Baghdad urged all its citizens to leave Iraq immediately, hours after the U.S. killed Iranian Quds Force leader Qassem Soleimani and Iraqi militia commander Abu Mahdi al-Muhandis.Iraqi officials said the evacuation would not affect operations, production or exports.Company sources told Reuters earlier the workers were expected to fly out of the country.Oil production in Iraq, the second-biggest producer in the Organization of the Petroleum Exporting Countries, was about 4.62 million barrels per day (bpd), according to a Reuters survey of OPEC output.A spokesman for BP (BP.L), which operates the giant Rumaila oil field near Basra, declined to comment. Rumaila produced around 1.5 million bpd as recently as April.Italian energy group Eni (ENI.MI) said Iraq’s Zubair oil field, which produced around 34,000 bpd net to Eni last year - a fraction of the field’s overall output - was “proceeding regularly”. Eni said the group was closely monitoring the situation in Iraq.Genel (GENL.L), an oil producer in the autonomous region of Kurdistan in northern Iraq, said its operations were continuing normally. It did not comment on any staff movements.Gulf Keystone Petroleum (GKP.L), which also operates in Kurdistan, said “while these events are taking place in the south of Iraq, Gulf Keystone is closely monitoring the situation and operations at (the) Shaikan (field) are carrying on as per usual”.More photos below.
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