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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CHINA FOOTBALL BANS 43 PERSONS FOR GAMBLING AND MATCH-FIXING. (PHOTO).

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 China Football bans 43 persons for gambling and match-fixing 


Chinese football has banned 43 individuals, including three former China internationals and South Korean player Son Jun-ho, for life over alleged gambling and match-fixing. 


This comes as part of a larger crackdown by Beijing on corruption in Chinese sports, particularly football. The ban is a result of a two-year probe into illegal gambling and match-fixing in domestic football, implicating a total of 128 individuals. 


These developments occurred just hours before a crucial 2026 World Cup qualifier between China and Saudi Arabia. The Chinese Football Association (CFA) has accused Son of participating in match-fixing and taking bribes during his time playing for Shandong Taishan in the Chinese Super League. Former Chinese international Jin Jingdao, who also played for Shandong Taishan, is among those facing a lifetime ban.


The CFA itself has been under scrutiny, with approximately 10 high-ranking officials brought down in corruption probes. In a significant move, the former chairman of the CFA, Chen Xuyuan, was handed a lifetime prison sentence for accepting substantial bribes. Li Yuyi, a former vice president of the Chinese Football Association also received an 11-year jail term for similar offenses.


These actions demonstrate a firm commitment to eradicating corruption and ensuring fair play within Chinese football, paving the way for a more transparent and trustworthy sporting environment.

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