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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NIGER CANCELS 1,000 DIPLOMATIC PASSPORRS FROM OUSTED REGIME. (PHOTO).

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Niger Cancels 1,000 Diplomatic Passports From Ousted Regime

The new military rulers of Niger have cancelled more than 990 diplomatic passports held by nationals and foreigners linked to the ousted regime.

The foreign ministry has written to notify diplomatic representations in Niger that the passports are now “lapsed”, according to copies of the letter posted on social networks.

The diplomatic documents were held by former senior figures in institutions and ministries as well as ex-MPs and advisers including to the president and prime minister, the official press agency ANP said late Thursday.

About 50 of the passports had been given to American, British, French, Libyan and Turkish people as well as other West Africans.

President Mohamed Bazoum was overthrown on July 26 and has since been detained at his residency.

At the end of August, the new regime cancelled passports held by several members of the government who were abroad, including the prime minister, foreign minister and Niger’s ambassador to France.




 

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