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
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WILLIAM RUTO WINS KENYAN PRESIDENTIAL ELECTION ON HIS 5TH ATTEMPT.(PHOTO).

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William Ruto wins Kenyan presidential election on his 5th attempt

William Ruto, the former Kenyan Prime Minister Raila Odinga has won the race to be the fifth president of the East African nation, on his fifth attempt.

According to results announced by the Independent Electoral and Boundaries Commission (IEBC) on Monday, August 15, Deputy President William Ruto won Kenya's presidential vote, the election commission and is now the new leader of the region's richest and most stable nation.

He narrowly beat his rival, Raila Odinga, taking 50.4% of the vote.

The announcement was delayed amid allegations of vote-rigging by Odinga's campaign.

 

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