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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EGYPT WARNS AGAINST OPENING NEW WAR FRONT IN LEBANON, CALLS FOR GAZA CEASE-FIRE. (PHOTO).

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 Egypt warns against opening new war front in Lebanon, calls for Gaza cease-fire


Egypt warned Sunday of the risks of opening a new war front in Lebanon and called for an immediate cease-fire in the Gaza Strip, Anadolu Agency reported. 


The warning followed the death of 12 people in a missile attack in the Druze town of Majdal Shams in Israel-occupied Golan Heights.


While Israel has blamed Hezbollah for Saturday’s attack, the Lebanese group denied any responsibility.


In a statement, the Egyptian Foreign Ministry said opening a new war front in Lebanon “could drag the region into an all-out regional war.”


It underlined the importance of “supporting Lebanon, its people, and its institutions, and sparing the country the horrors of war.”


The statement called on influential powers “to intervene immediately to spare the peoples of the region further disastrous consequences of the expansion of the conflict, which may pose a threat to international peace and security."


It called for reaching “an immediate and comprehensive cease-fire to end the humanitarian suffering in the Gaza Strip as soon as possible.”


Fears have grown about a full-blown war between Israel and Hezbollah amid an exchange of cross-border attacks between the two sides. The escalation comes against the backdrop of a deadly Israeli onslaught on Gaza, which has killed more than 39,300 victims since October, following an attack by the Palestinian resistance group, Hamas.

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