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

NIGER REPUBLIC SUSPENDED FROM AFRICAN UNION.(PHOTO).


Niger Republic Suspended From African Union

The  African Union (AU) has suspended Niger from all its activities following the military coup last month.

 AU Peace and Security Council called on all of its member states and the international community to refrain from any action that could legitimise the junta in Niger.

It reiterated calls for the coup leaders to release the elected President Mohamed Bazoum has proven abortive. 

The West African regional grouping Ecowas has already threatened military action to reinstate him.

Niger's junta has said that civilian rule cannot be restored for three years, but this has been dismissed by Ecowas as unacceptable.

BBC


 

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