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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U. S, WELCOMES HUMANITARIAN TRUCE IN CONGO, WHITE HOUSE SAYS. (PHOTO).

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 US welcomes humanitarian truce in Congo, White House says


The United States welcomed a two-week humanitarian truce in eastern Democratic Republic of Congo (DRC), the White House said on Thursday, amid fierce fighting between government troops and Rwanda-backed M23 rebels.


The fighting in North Kivu province has sent more than 1.7 million people fleeing their homes, driving up the number displaced in Congo by multiple conflicts to a record 7.2 million, according to United Nations estimates.


The truce, beginning at midnight local time on Friday and to extend through July 19, covers areas where the conflict most affects civilian populations, the White House said, Reuters reported.


"The recent expansion of fighting in North Kivu has prevented humanitarian workers from reaching hundreds of thousands of IDPs in the area around Kanyabayonga and displaced more than 100,000 people from their homes," National Security Council spokesperson Adrienne Watson said in a statement.


The governments of the DRC and Rwanda expressed support for the truce "to ease the suffering of vulnerable populations and set conditions for broader de-escalation of tensions in eastern DRC," Watson said.


The United States calls on all parties to honor the truce, the statement said.


North Kivu has been battling the M23 insurgency for more than two years as well as other militia violence. Congo, the United Nations and Western powers have repeatedly accused Rwanda of supporting M23 with its own troops and weapons, which it denies.


Rwanda accuses Congo of financing and fighting alongside a Hutu rebel group, the Democratic Forces for the Liberation of Rwanda (FDLR), which has attacked Tutsis in both countries.


M23 says it is fighting to protect Tutsis from rivals like FDLR, whose ranks include Hutu extremists who fled to Congo after participating in the 1994 genocide targeting Tutsis and moderate Hutus in Rwanda.

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