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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ETHIOPIA PM TO 'RESPECT' OTHER NATIONS 'SOVEREIGNTY.(PHOTO)

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 Ethiopia PM to 'respect' other nations' sovereignty


Ethiopian Prime Minister Abiy Ahmed says he will "respect" other countries' sovereignty.


Ethiopian Prime Minister Abiy Ahmed has pledged to respect other countries' sovereignty on the back of a dispute with the neighbouring Somalia over a port deal Ethiopia signed with Somaliland.


Abiy made the commitment in Kenya's capital Nairobi on Wednesday during his two-day state visit to Kenya from February 27 to 29.


After meeting host President William Ruto, the two leaders "affirmed their commitment to recognise, respect and uphold the sovereignty and territorial integrity of states."


A joint statement by Kenya's and Ethiopia's foreign ministries added that Ruto and Abiy "reject unconstitutional changes of government as well as interference in domestic political processes of African countries by external interests."

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