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

DISNEY NAMES VETERAN PRODUCER ALMIN KARAMEHMEDOVIC PRESIDENT OF ABC NEWS. (PHOTO).


 ABC has appointed Almin Karamehmedovic, executive producer of the top-rated World News Tonight with David Muir, as the new president of its news division, according to a report by New York Post. The decision comes as a “surprise choice” after a three-month period of uncertainty following the resignation of former ABC News president Kim Godwin in May.

The announcement was made by Debra OConnell, president of ABC News Group and Disney Entertainment, on Monday. The decision ends weeks of speculation about whether the network, currently undergoing cost-cutting measures, would hire from within its ranks.


Karamehmedovic will now oversee day-to-day operations across the news division, including the network’s flagship programmes, World News Tonight and Good Morning America.


While the move has raised some eyebrows within the network, due to Karamehmedovic’s reportedly polarizing reputation, others have applauded the decision. “He’s very bright and knows how to drive ratings by delivering what viewers want,” said a source familiar with the internal dynamics. However, another insider described him as a “bit of a bully,” citing his less favourable reputation among some colleagues.


Notably, Karamehmedovic’s career at ABC hasn’t been without controversy. In 2015, he made headlines after an incident at an ABC holiday party where he fell and knocked himself unconscious after a night of heavy drinking, leading to a hospital visit.

Despite mixed opinions, some insiders are relieved by the decision, noting it resolves growing impatience for a successor to Godwin. “It took so long for [OConnell] to make this decision that it weakened her as a leader,” said one insider.


Karamehmedovic has led World News Tonight since 2014, helping the program become the most-watched newscast for eight consecutive years. His previous experience includes serving as executive producer of Nightline and other ABC programmes like 20/20 and breaking news specials.


In a statement, Karamehmedovic expressed gratitude for his new role. “I approach this role with great respect and humility… for the colleagues whose tireless contributions fuel the unflinching and unbiased reporting of ABC News, and for the viewers we serve.”


OConnell praised the decision, saying, “Almin has devoted his career to ABC News, mastering every role and elevating excellence in journalism.” She added that the network is confident Karamehmedovic will lead ABC News to “new heights” under his leadership.


The timing of the decision is crucial as ABC prepares to host its first presidential debate next month, placing added pressure on Karamehmedovic’s leadership. ABC News has not commented on the appointment beyond the internal announcement.

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