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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ARMED GANG STEALS JEWELLERY ESTIMATED AT $16.5M IN PARIS.(PHOTO).

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Armed gang steals jewellery estimated at $16.5m in Paris.


2nd Aug 2023 

 

An armed gang robbed a Paris store of luxury jewellery and watch brand Piaget on Tuesday, making off with 10 to 15 million euros worth of goods in broad daylight, police and prosecutors said.


According to early indications, three people were involved in the robbery at around 1:00 pm (1100 GMT), with at least one of them carrying a weapon.


The gang fled the scene with their bounty, estimated at between 10 million euros ($11 million) and 15 million euros ($16.5 million). Nobody was hurt, a police source said.


The store is located on the Rue de la Paix in the heart of the French capital, situated near the prestigious Place Vendome and home to several stores of high-end jewellery brands.


The last high-profile heist in the neighbourhood occurred in April, when three people on motorbikes robbed the Bulgari store, making off with several million of euros worth of jewellery.


Piaget, founded in Switzerland, makes luxury watches with price tags that can reach several tens of thousands of euros, and high-end jewellery.


It is a subsidiary of the Richemont group, which also owns several other luxury goods companies including Cartier, Baume and Mercier, Chloe, and Van Cleef and Arpels. (AFP

 

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