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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DRC OPENS MAJOR FINANCIAL CENTRE BUILT BY TURKISH FIRM. (PHOTO).

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DRC opens major financial centre built by Turkish firm


DRC has opened a major financial centre in the capital Kinshasa built by Turkish firm, Milvest.


In an effort to promote the country's economy, the Democratic Republic of Congo (DRC) has launched a major financial centre in the capital Kinshasa.


The Kinshasa Financial Center is strategically located in Gombe district, western DRC.


The construction of 11 buildings in a165,000-square metre area started in February 2022, and was completed in December 2023.


The design and construction of the modern building has been done by Turkish construction company Milvest, a subsidiary of Miller Holding.


Record time


The foundation stone was laid in June 2022. It has taken Turkish engineers one-and-a-half years to complete the major project.


At least 3,000 workers, including 1,500 Congolese and 1,500 Turks, have worked on the construction.


If it was one of the dreams of President Felix Tshisekedi to build DRC, and place it in a unique position globally, the dream has been achieved after opening the financial centre.


When the centre officially starts operations, 5,000 people are expected to work at the facility.

 

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