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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POLLS OPEN IN CHAD FOR VOTE ON NEW CONSTITUTION IN STEP TOWARDS CIVILIAN RULE.(PHOTO).

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Polls open in Chad for vote on new constitution in step towards civilian rule

Chad voters go to the polls on Sunday for a referendum on a new constitution, in a key step towards elections and the return of civilian rule promised, but postponed, by the ruling military junta.


A large section of the opposition and civil society in the central African country are calling for a boycott.


They argue the plebiscite is designed to pave the way for the election of the current transitional president, General Mahamat Idriss Deby Itno, and the continuation of a "dynasty" begun by his late father 33 years ago following a coup.


The "yes" camp seems assured of victory after a well-financed campaign by the ruling junta against a divided opposition, which has faced arrest, intimidation and threats for more than a year.


The capital N'Djamena has been plastered with posters championing a "yes" vote to bring in a constitution for a "unitary and decentralised state".


It is not very different from the constitution that the military repealed in 2021, enshrining a regime in which most of the power is concentrated in the head of state.


The opposition, which advocates federalism, backs the "no" vote.


The "yes" camp retorts that a unitary state is the only way to preserve unity, while federalism would encourage "separatism" and "chaos". 


Provisional results are scheduled to be published in late December, with the Supreme Court due to validate them four days later.

 

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