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

QUEEN ELIZABETH IS SET TO HOST U.S. PRESIDENT JOE BIDEN AND OTHER WORLD LEADERS IN JUNE.{PHOTO}.

 

Queen Elizabeth will host new U.S. President Joe Biden and other world leaders at Buckingham Palace before a summit of the G7 big economies in June, the Sunday Times newspaper reported.

Describing it as a “soft power” reception, the Sunday Times said the Queen would be joined by the Prince of Wales, the Duchess of Cornwall and the Duke and Duchess of Cambridge. The palace declined to comment on the report.

Britain has announced plans to hold the first in-person summit of the G7 for nearly two years in June in Cornwall, southwest England. Prime Minister Boris Johnson hopes the meeting will forge a consensus that the global economy must recover from the COVID-19 pandemic in a pro-free trade and sustainable way.

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