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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NAMIBIA'S TRANSITIONAL PRESIDENT ANNOUNCES NOVEMBER ELECTION DATE. (PHOTO)

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 Namibia's transitional president announces November election date


Namibia will hold its presidential and parliamentary elections on November 27, the president has announced.


"President Nangolo Mbumba has declared Wednesday, 27 November 2024, as a public holiday. This declaration has been made to facilitate the general election for the election of the President and members of the National Assembly," said a statement by the Namibian Presidency.


The president has declined to run again for office saying he would rather campaign for his deputy for the presidency.


In the announcement, Mbumba urged all eligible voters to seize the opportunity to fulfill their democratic duty by turning out in large numbers to vote, Anadolu reported.


Mbumba has been in office as transitional leader since February, when he was sworn into office after the death of Hage Geingob, who he had served as vice president.


Geingob was serving his second and final term which was due to run until November but bowed out after announcing he was diagnosed with cancer.

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