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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BURKINA FASO TO REVOKE SOME FOREIGN FIRMS' MINING PERMITS. (PHOTO).

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 Burkina Faso to revoke some foreign firms' mining permits


Burkina Faso plans to withdraw mining permits from some foreign companies and will seek to produce more of its own gold, junta leader Ibrahim Traore said on Saturday, Reuters reported.


"We know how to mine our gold and I don't understand why we're going to let multinationals come and mine it," Traore said in a radio address to mark two years since he seized power in a coup.


"In fact, we are going to withdraw mining permits," he said. He did not specify which permits or provide further detail.


Gold is the main export of the West African country, where frustration over a long-running security crisis helped bring the junta to power in 2022. 

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