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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ZIMBABWE MEN'S CRICKET TEAM COACH RESIGNS.(PHOTO).

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Zimbabwe men's cricket team coach resigns

Dave Houghton has resigned as the coach of Zimbabwe's men's cricket team.

Zimbabwe coach Dave Houghton has resigned after the country's failure to reach next year's T20 World Cup, the national board said on Wednesday.

"The Zimbabwe Cricket Board has accepted Dave Houghton's resignation from his position as head coach of the Zimbabwe senior men's national team with immediate effect," the board said in a statement.

"Houghton said he had 'lost the change room' after 18 months in charge and felt that a 'new voice' was needed to take the team forward," the statement added.

His resignation letter was sent just ahead of a board meeting on Wednesday to look into the World Cup campaign.

'New role'

Zimbabwe lost to Namibia and Uganda at a recent qualifying tournament. Zimbabwe have also just been beaten in a limited overs series against Ireland.

Houghton, 66, replaced Lalchand Rajput as Zimbabwe coach in June last year after six one-day and Twenty20 losses at home to Afghanistan.

The board said he would be assigned to a "new role within the organisation".

"Dave will always be a legend of our game and it is with regret that he felt the change room needed a new voice," said board chairman Tavengwa Mukuhlani.

"While the past few months have been disappointing as we failed to qualify for both the 50-over World Cup and the T20 World Cup, they should not obscure all the work he has done over the past year to rebuild the foundations for long-term success."

 

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