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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JAPA: CANADA CONSIDERS IMPOSING LIMITS ON FOREIGN STUDENT VISAS OVER HOUSING COSTS.(PHOTO).

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Japa: Canada considers imposing limits on foreign student visas over housing costs 

The Canadian Housing Minister, Sean Fraiser, has said Canada is currently faced with the increasing cost of accommodation and the government might limit international students visas which have skyrocketed in recent years.

Fraiser made this known to reporters on Monday, on the sidelines of a cabinet retreat in the Atlantic province of Prince Edward Island, Reuters said.

When asked if the Canadian government could consider imposition on the number of students, Fraiser said, “I think that is one of the options that we ought to consider.”

“We’ve got temporary immigration programs that were never designed to see such explosive growth in such a short period of time,” he added.

There were more than 800,000 foreign students with active visas in 2022, up from 275,000 in 2012, as Canada has become a popular destination for international students since it is relatively easy to obtain a work permit.

Fraser, who was immigration minister before taking up his job last month, said the sharp rise in the number of students was putting pronounced pressure on some housing markets.

The official opposition Conservative Party, ahead in the polls of a federal election that must be held by October 2025, said the Liberal government of Prime Minister Justin Trudeau is not doing enough to address the housing issue.

Canada, which has a population of around 39.5 million people, plans to take in a record 500,000 new permanent residents in 2025. Fraser said limiting the number of newcomers was not the answer, according to Reuters.


 

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