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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PIRATES IN SOMALIA FREE BANGLADESHI SHIP. (PHOTO).

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 Pirates in Somalia free Bangladeshi ship



Pirates in Somalia have received ransom and released a Bangladeshi ship that they seized in March 2024.


Somali pirates freed a Bangladesh-flagged cargo vessel and its 23 crew early on Sunday after the ship owners paid a ransom, the company said.


The MV Abdullah was carrying more than 55,000 tonnes of coal from Maputo to the United Arab Emirates when it was seized by dozens of pirates around 550 nautical miles (1,000 kilometres) off the Somali coast a month ago.


The seizure came amid a surge in Somali pirate activity, with international naval forces diverted from the Gulf of Aden into the Red Sea to guard against attacks on shipping by Yemen's Iran-backed Houthi rebels.


The MV Abdullah's owners, KSRM Group, negotiated with the bulk carrier's captors and the vessel sailed for Dubai early on Sunday Bangladeshi time, a spokesperson said.

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