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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AT LEAST 24 KILLED BY FLOODING, LANDSLIDES AFTER HEAVY RAINS IN IVORY COAST. (PHOTO).

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 At least 24 killed by flooding, landslides after heavy rains in Ivory Coast


Flooding and landslides in Ivory Coast’s largest city of Abidjan have left at least 24 people dead following a week of heavy rains, four times the usual volume in some cases, authorities said Tuesday, AP reported.


Flood-related deaths are not uncommon in the West African nation during the rainy season, but according to the Ivorian meteorological agency, the recent rainfall was particularly violent with more than 200 millimeters (8 inches) in some districts, four times the usual amount in a day.


Informal settlements are particularly vulnerable because of poor storm drainage among homes often built quickly without zoning regulations.


The flooding and landslides have also caused “significant” damage across the city, flooding houses and roads, said the Ivory Coast National Office for Civil Protection. At least 271 people who were trapped after the rains have been successfully rescued, it said.


Officials last year demolished houses built along a lagoon in Abidjan as a measure to prevent deadly floods.

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