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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HAWKS ARREST SIX FOR R400 MILLION ESKOM, SASOL TENDER FRAUD. (PHOTOS).

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 Hawks Arrest Six for R400 Million Eskom, Sasol Tender Fraud


Six suspects have been arrested by the Hawks for allegedly defrauding Eskom and Sasol of R400 million in 2017. They allegedly falsified records, fabricated shareholders' agreements, and engaged in fronting, violating the B-BBEE Act.


Accused are Mark Smith (61), Alex Roditis (45), Vanessa Chungu (43), Raymond Crozier (62) Guy Le Roux (56) Ronald Hoy (58) and companies NJM Treatment and NDE Services, Dasmar Engineering, Thermo Jet.


They appeared in Palm ridge court and were released on R20K bail each.

More photos below. 







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