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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EX-PRESIDENT ZUMA WINS COURT BID TO RUN FOR ELECTION. (PHOTO)

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 South Africa’s Ex-President Zuma Wins Court Bid To Run For Election


A South African court on Tuesday allowed former president Jacob Zuma to run in May’s general elections, overturning an earlier decision by electoral authorities barring him over a previous conviction.


The electoral court ruled in favour of Zuma, 81, who is fronting uMkhonto we Sizwe (MK), a new opposition party that has become a dark horse in the election race.


“The decision of the Electoral Commission… is set aside,” the electoral court wrote in its ruling seen by AFP.


It did not provide an explanation of how the verdict was reached.


South Africa is to hold general elections on May 29 in what is expected to be the most competitive vote since the advent of democracy in 1994.


Zuma’s ability to run could be a key factor in the elections’ outcome.


Banking on Zuma’s popularity, MK is expected to cut well into the vote share of the already embattled ruling African National Congress (ANC) — the ex-president’s former political home.


This could precipitate the ANC towards its worst result in three decades, seeing it drop below 50 percent of the vote, short of a parliamentary majority.


The electoral commission had earlier excluded Zuma from the contest, arguing that the constitution bars anyone convicted of an offence and sentenced to more than 12 months’ imprisonment from running from office.


Zuma was sentenced to 15 months in jail in June 2021 after refusing to testify to a panel probing financial corruption and cronyism under his presidency.

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