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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SOUTH AFRICA'S RAMAPHOSA SAYS END TO POWER CUTS 'WITHIN REACH'. (PHOTO).

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 South Africa's Ramaphosa says end to power cuts 'within reach'


Cyril Ramaphosa used a state of the nation address to highlight steps taken to address the prolonged energy crisis.


South African President Cyril Ramaphosa has said that an end to crippling power cuts was "within reach" and pledged thousands of new jobs in a key speech ahead of knife-edge elections this year.


With his historically dominant African National Congress (ANC) party struggling in the polls, Ramaphosa used a state of the nation address on Thursday to highlight steps taken to address the prolonged energy crisis that has vexed businesses and families alike.


"We are confident that the worst is behind us and the end of load shedding is finally within reach," he said using the local term for blackouts in a speech to lawmakers at Cape Town City Hall.


"But we are not stopping there," he added, touting new reforms and investments including more than 14,000 kilometres (8,700 miles) of new transmission lines to accommodate renewable energy to be rolled out in the coming years.

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