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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LIBYA RESUMES FULL OIL PRODUCTION. (PHOTO).

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 Libya resumes full oil production


Libya's state oil company said it was resuming full oil production, nearly two months after halting operations at two of its main fields amid a political crisis, according to AP.


The National Oil Corporation said in a statement that it would resume production at the Sharara and El-Feel oil fields , as well as exports from Es Sider, the country's largest port.


Libya produces more than 1.2 million barrels of oil per day, and Sharara is the country's largest field, producing up to 300,000 barrels per day.


The oil-rich country has been gripped by political turmoil since a NATO-backed uprising toppled and killed Muammar Gaddafi in 2011. Since then, Libya has been divided between rival administrations in the east and west, each backed by militias and foreign governments.

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