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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SOUTH SUDAN READY TO RESTART PUMPING OIL THROUGH SUDAN. (PHOTO).

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 South Sudan ready to restart pumping oil through Sudan


South Sudan and Sudan have made progress towards restarting the pumping of South Sudan's crude oil through a pipeline running to a port in its neighbour


The main pipeline carrying oil from South Sudan through Sudan for export was halted in February because of damage stemming from a war between Sudan's army and the Rapid Support Forces.


"Sudanese engineers have accomplished the necessary technical preparations for the resumption of oil production," South Sudan President Salva Kiir's office said in a statement late on Monday after a meeting in Juba between Kiir and Sudan's army chief Abdel Fattah al-Burhan.


"Engineers from South Sudan are expected to visit Sudan in the coming weeks to familiarise themselves with the readiness of the facilities so as to jump-start production."

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