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: PARLIAMENTARY SPEAKER FACES IMMINENT ARREST OVER GRAFT CHARGES.(PHOTO)

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 South Africa: parliamentary speaker faces imminent arrest over graft charges


South Africa’s parliamentary speaker faces imminent arrest over corruption charges after a court on Tuesday dismissed her bid to block police and prosecutors from arresting her.


Nosiviwe Mapisa-Nqakula, who is a senior member of the ruling African National Congress party, is accused of receiving bribes from a defense contractor while she was defense minister.


According to prosecutors, she received 11 payments totaling $135,000 between December 2016 and July 2019. She sought another bribe of $105,000 but that wasn’t paid, prosecutors said.


Opposition lawmakers have called for her to step down from her position as speaker over the allegations.


Mapisa-Nqakula last week launched an urgent court bid to block her arrest, but a judge at the North Gauteng High Court in Pretoria dismissed her application on Tuesday.


Speaking to reporters after the judgment was delivered, National Prosecuting Authority spokesman Mthunzi Mhaga did not say when the arrest would be made but confirmed the judgement paved the way for it to occur.


“Obviously the wheels of justice will now be in motion, as we were listening to the judgment, which was well reasoned,” Mhaga said.


“We have always maintained that this is unprecedented and it was unnecessary for us to be brought to court. We have always maintained that the process of arrest will be done seamlessly,” he added.


Before launching her court bid, Mapisa-Nqakula was told by prosecutors she should turn herself in to authorities for processing and to appear before a judge.


Mapisa-Nqakula is the latest African National Congress leader to face corruption allegations as the party prepares to fight tough national elections this year.


Recent polls suggest the party could receive less than 50% of electoral support for the first since time it came into power in 1994.


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