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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FOURTH TERM: RWANDA'S KAGAME SUBMITS BID FOR JULY ELECTION. (PHOTO).

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RWANDA'S KAGAME SUBMITS BID FOR JULY ELECTION


Rwanda's President Paul Kagame has officially submitted his candidacy to the country's poll body for the July presidential elections.

He had already confirmed last September that he would be seeking a fourth term.

He is widely expected to win the poll, which could see him extend his presidency to nearly three decades.

Mr Kagame won the last presidential election in 2017 with nearly 99% of the vote.

Two of his opponents, opposition politicians Bernard Ntaganda and Victoire Ingabire, have recently been barred from vying in the election over previous convictions.

Mr Kagame, 66, has faced criticism from rights groups, which have accused him of cracking down on the opposition.

But the president has maintained that Rwanda respects political freedoms.

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