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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PUTIN PROMISES AFRICA FREE GRAIN SUPPLY TO TACKLE FOOD INSECURITY. (PHOTO).

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Putin promises Africa free grain supply to tackle food insecurity

President Vladimir Putin has pledged to deepen relations with African countries across several spheres, promising a free supply of grains to the continent to tackle food insecurity.

Putin made this known on Monday in a statement themed “Russia and Africa: Joining Efforts for Peace, Progress and a Successful Future” ahead of the second Russia-Africa Summit and Russia-Africa Economic and Humanitarian Forum.

The Summits scheduled to hold on July 27 and July 28 in St. Petersburg, Russia, seek to strengthen relations between Russia and Africa, outlining priority cooperation areas for the coming decades of the 21st century.

Putin stated that Russia attaches great importance to the Summits, with expectations of adopting a comprehensive Declaration, a number of joint statements and approval of the extension of the Russia – Africa Partnership Forum Action Plan to 2026.

According to Putin, Russia has strong, deep roots, with Russia’s support to African countries in education, infrastructure, power, health, defence and security, among others, since the times of the Soviet Union until the present day.

This is also as he pledged Russia’s continuous and free supply of grain to the continent to tackle food insecurity in some countries of Africa, understanding the importance of uninterrupted food supplies for the socio-economic development and political stability of the African states.

Putin, however, noted that Russia would be boycotting the “grain deal” it hitherto facilitated, which ended on July 18, for the failure of the deal to meet humanitarian purposes and supply the grains to Africa free of charge.


 

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