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

PHILIPPINE DEFENSE CHIEF CALLS CHINA THE 'BIGGEST DISRUPTOR' OF PEACE IN SOUTHEAST ASIA. (PHOTO).

 


Philippine Defense Chief Calls China the ‘Biggest Disruptor’ of Peace in Southeast Asia


Philippine Defence Chief Gilberto Teodoro labeled China as the “biggest disruptor” of peace in Southeast Asia during a conference hosted by the US Indo-Pacific Command on Tuesday. Teodoro’s remarks reflect the escalating tensions between Manila and Beijing over disputed reefs and waters in the South China Sea. "China… is the biggest disruptor of international peace in the ASEAN region," Teodoro stated, emphasizing the impact of China’s actions on regional stability.


Teodoro’s comments followed recent confrontations between Philippine and Chinese vessels, particularly near Sabina Shoal in the Spratly Islands. On Monday, Commodore Jay Tarriela, a spokesman for the Philippine Coast Guard, reported that two Philippine vessels were forced to abandon their mission to deliver provisions to a ship at the reef due to China’s “excessive” deployment of ships and challenging sea conditions. “We were struggling against a more powerful adversary,” Tarriela told AFP.


In response to the ongoing disputes, Teodoro urged the international community to unite against China’s “illegal acts.” “We need a collective consensus and a strong call out against China,” he said, calling for pressure on Beijing to cease its aggressive actions in the disputed waters. The conflict highlights the broader geopolitical struggle over control and sovereignty in the South China Sea.

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