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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NIGERIA, INDIA, AND CONGO SUFFER HIGHEST RATES OF POVERTY AND POLLUTION- WORLD BANK.(PHOTO).

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Nigeria, India, And Congo Suffer Highest Rates Of Poverty And Pollution – World Bank

June 18, 2023
    
Nigeria, India, And Congo Suffer Highest Rates Of Poverty And Pollution – World Bank
In a recent report, the World Bank identified Nigeria, India, and the Democratic Republic of Congo as the countries suffering from the highest levels of poverty and pollution.

The report, named ‘Detox Development: Repurposing Environmentally Harmful Subsidies,’ emphasized the potential benefits of reallocating funds currently spent on agriculture, fishing, and fossil fuel subsidies to address climate change.

The World Bank’s report reveals an alarming situation: around 716 million poor individuals, living on under $1.90 per day, reside in areas with harmful levels of air pollution.

In the report, it is noted that,“Low- and middle-income countries account for 80 per cent of people exposed to unsafe levels of PM (Particulate Matter). Moreover, 716 million poor people live in areas with unsafe levels of air pollution.”

The report further highlights that nearly half of the aforementioned population lives in India, Nigeria, and Congo.

These three nations alone account for almost half (48.6 per cent) of all poor people globally exposed to dangerous pollution levels.

The report explains, “India, with a population of more than 202 million, has the highest absolute number of exextremelyoor exposed to unsafe levels of particulate matter, corresponding to 14.7 per cent of India’s overall population. Nigeria is a distant second, followed by the Democratic Republic of Congo.”

In a statement released alongside the report, Senior Managing Director of the World Bank, Axel van Trotsenburg, argued for a reshuffling of financial priorities.

He asserted, “People say that there isn’t money for climate but there is, it’s just in the wrong places. If we could repurpose the trillions of dollars being spent on wasteful subsidies and put these to better, greener uses, we could together address many of the planet’s most pressing challenges.”

 

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