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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SENEGAL BANS TIKTOK, SEEKS REGULATION DEAL.(PHOTO).

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Senegal Bans TikTok, Seeks Regulation Deal

Senegalese authorities have refused to lift the ban on TikTok, a Chinese social media app, until the company signs an agreement that will allow the creation of the algorithm to delete accounts.

The ban was placed in August following the arrest of an opposition leader, Ousmane Sonko, saying the platform was being used to distribute hateful and subversive messages that threatened the stability of the country.

The government requested for an improved regulation of TikTok, clarification on its algorithm and data protection, and fair compensation for content creators to support young people’s social media livelihoods.

Communications minister, Moussa Bocar Thiam, said at a press conference that the restriction is being maintained pending the conclusion of a comprehensive written agreement.

Many other events have been happening with the social media platform aside receiving bans from countries like Senegal and Somalia.

Also, Irish regulators have fined TikTok €345 million for violating children’s privacy.

 

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