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

WEAH,19 OTHERS AWAIT RESULTS IN LIBERIA'S POLL.(PHOTO).


Weah, 19 others await results in Liberia’s poll

Liberia went to the polls for the presidential and parliamentary elections yesterday in which 20 presidential candidates, including incumbent George Weah, were hopeful to lead the country of five million.
Hundreds of people had gathered at polling stations in the capital, Monrovia, early yesterday morning ahead of the start of voting at 08:00 GMT.
Weah, a former international football star, rode to victory on a wave of optimism in 2017, bringing hope to a country that had been devastated by two back-to-back civil wars between 1989 and 2003, and the Ebola epidemic of 2014-2016.
His election was an historic event, marking the country’s first democratic transfer to power since 1944. He promised to tackle poverty, create jobs, build roads and end corruption.
Nearly five years after he took office in 2018, the former Ballon d’Or winner remains popular in some parts of the country, but anger is growing over persistently high levels of corruption and the cost of living.
The main political parties have pledged that the presidential and legislative elections in the West African country would pass off peacefully.
However, the death of three people last month during clashes between rival party supporters has raised concerns about a return to bloodshed.
Scuffles also broke out on Sunday as Weah, who is seeking a second six-year term as president, held his final campaign rally, leaving several injured.
The election was the first to be held since the United Nations ended its peacekeeping mission in Liberia in 2018.
UN peacekeepers were deployed to the country after more than 250,000 people died in two civil wars between 1989 and 2003.
Weah has argued that he needs more time to fix the nation’s decrepit economy and infrastructure.
The former athlete is the favourite among 20 candidates but could face a second-round run-off if he does not secure an absolute majority in the first round of voting.
The European Union, the African Union, the West African bloc ECOWAS and the United States have deployed observers to oversee the vote.
Some 2.4 million Liberians were eligible to vote in the elections, with polling stations closing at 18:00 GMT.

 

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