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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S. A: 11 TRAFFIC OFFICERS ARRESTED FOR TAKING BRIBE. (PHOTOS).

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  The Road Traffic Management Anti-Corruption Unit (NTACU) together with South African Police Services have arrested eleven (11) traffic officers in Polokwane today, on allegations that they have been taking bribes from bus operators, taxi drivers and motorists travelling on the N1 highway between Polokwane and Musina.

 

The officials have been under investigation since March 2022 as part of an undercover operation called “coconut” which was targeting law enforcement officials involved in unethical and unlawful conduct which lead to high crashes on the N1.

 

An investigation by the National Anti-Corruption Unit (NTACU) of the RTMC has so far revealed that Traffic officials operating along the N1 freeway and those inside towns and villages abandon their duties and drive to the N1 to carry out corrupt activities.

 

It is alleged that the officers stopped motorist and conducted inspections, but they would demand bribes instead of issuing a traffic fine when they found faults with the vehicles or driving licences.

 

An undercover operation to prevent, detect or investigate the commission of an offence was conducted after an entrapment permission was obtained from the Director of Public Prosecution.

 

The suspects were identified after a lengthy investigation involving the South African Police Service from Limpopo provincial detectives. The suspects are expected to appear in the Polokwane magistrate soon to face charges relating to defeating the ends of justice, extortion, and solicitation of bribes from motorists, bus driver operators, Malaishas travelling from other provinces through Limpopo province to Zimbabwe along N1 and alternative routes.

More photos below. 



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