INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

Image
  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

AFTER HAJJ DEATHS, EGYPT SUSPENDS COMPANIES THAT TOOK PILGRIMS TO MECCA. (PHOTO).


 After Hajj Deaths, Egypt Suspends Companies That Took Pilgrims to Mecca


The action against 16 tour companies came as governments look into whether many travelers were not properly registered to make the journey into the desert.


ACCORDING TO ANOTHER SOURCE:


The hajj has been the site of several tragedies, including a stampede in 2015 that killed more than 2,200 people. In recent years, with rising temperatures, many pilgrims have also succumbed to heat stress.


The Saudi government has said that during this year’s hajj, more than 1.8 million Muslims traveled to Mecca, 1.6 million of them from outside Saudi Arabia.

At least 450 people have died during this year’s pilgrimage, in which travelers endured maximum temperatures that ranged from 108 degrees to 120 degrees Fahrenheit (42 to 49 degrees Celsius). But the actual number of fatalities is expected to climb as governments get more accurate tallies of the deaths. (Egypt, for one, has officially acknowledged only 31 deaths.)


In announcing the suspension of the 16 travel companies, the Egyptian government said the businesses failed to offer the pilgrims important services like medical care. It said the companies did not provide the pilgrims with “appropriate accommodation,” which caused them to suffer from “exhaustion due to the high temperatures.”

Comments

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

SSANU, NASU THREATEN STRIKE OVER WITHHELD SALARIES. (PHOTO).