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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BURKINA FASO'S BOUNGOU & WAHGNION GOLD MINES NOW BELONG TO GOVERNMENT. (PHOTO).

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 Burkina Faso's Boungou & Wahgnion Gold Mines Now Belong to Government


The assets of UK-based gold producer Endeavour Mining and Lilium Mining, which is a subsidiary of Lilium Capital, founded by US-Burkinabe billionaire Simon Tiemtore, are to be transferred to the Burkina Faso government after several agreements were signed with Burkinabe Minister of Economy Aboubakar Nacanabo, Sputnik reported.


The two companies have settled their legal dispute over the sale of two gold mines. Their conflict began when Lilium acquired the mines in June last year. Endeavour claimed that Lilium had missed payments exceeding $100 million, while Lilium accused Endeavour of misrepresenting the financial and operational status of the mines.


As part of the settlement, Burkina Faso will pay Endeavour $60 million and a 3% royalty on up to 400,000 ounces of gold produced from the Wahgnion mine. Both companies will cease their ongoing legal proceedings in London.

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