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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ANTHONY JOSHUA DROPS TO 7TH POSITION IN NEW HEAVYWEIGHT BOXING RANKINGS. (PHOTO).

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 ANTHONY JOSHUA DROPS TO 7TH POSITION IN NEW HEAVYWEIGHT BOXING RANKINGS


Anthony Joshua is now 7th in a new ranking of boxing heavyweight released by Ring Magazine after his devastating loss to Daniel Dubois at Wembley Stadium on September 21.


Before the fight, Joshua was third in the Ring Magazine rankings and was looking to cement his status as a top contender with a win over Dubois but was dropped four times enroute to a devastating defeat.


As a result, the former two-time world champion has now dropped significantly to seventh position, with Dubois overtaking him.


Dubois now sits in second position, only behind Tyson Fury who sits in first position and current unified champion Oleksandr Usyk who is the Ring Magazine champion.


Joseph Parker and Zhilei Zhang sit in third and fourth respectively, with Agit Kabayel and Martin Bakole in fifth and sixth all ranked above the declined Joshua.


Parker and Zhang have both recently picked up wins over Deontay Wilder to boost their position, while Parker sits above Zhang after beating him in December last year.


Kabayel beat Frank Sanchez to send him rocketing into the top ten, while Martin Bakole stunned American prospect Jared Anderson to continue his ascent.


AJ sits marginally in the top ten ahead of Dubois' other most recent victim Filip Hrgovic, while Efe Ajagba and Justis Huni round off the list.


Joshua and Dubois will rematch on December 21, with 'Dynamite' potentially in line to face the winner for the undisputed crown, though a rematch with AJ remains an alternative option.

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