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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NEW SOUTH AFRICAN PARLIAMENT TO MEET FRIDAY. (PHOTO).

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 New South African parliament to meet Friday


South Africa's newly elected parliament will convene on Friday, the office of the chief justice said on Monday, adding to the sense of urgency for political parties to form a governing alliance after none of them won a majority of seats.


The constitution says that a newly elected parliament must convene within two weeks of election results being announced.


At the first sitting, which will take place at a convention centre in Cape Town, Chief Justice Raymond Zondo will oversee the swearing-in of the newly elected or reelected members of the National Assembly.


He will then preside over the election of the chamber's speaker, who will in turn oversee the election of the deputy speaker. Zondo will then preside over the election by lawmakers of the country's president.

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