INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

Image
  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

PRESIDENT PAUL BIYA RETURNS TO CAMEROON AFTER DEATH RUMOURS. (PHOTO).


 President Paul Biya returns to Cameroon after death rumours


President Paul Biya of Cameroon on Monday returned to the country amid rumours of his death.

Biya arrived at Yaounde’s international airport, the Cameroonian capital.

The 91-year-old appeared on state broadcaster CRTV after the presidential plane landed, shaking hands with officials next to his wife Chantal, as a jubilant crowd waited to greet him.

A few weeks ago, questions were raised over Biya’s health and whereabouts following his disappearance from public view.

Biya’s whereabouts were unknown after attending the China-Africa summit in Beijing at the beginning of September.

“Today the president is on his way and this will put an end to all the speculation,” declared a CRTV presenter.

“Welcome home, Mr President of the Republic,” said one billboard with a portrait of Biya on a blue background.

Comments

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

SSANU, NASU THREATEN STRIKE OVER WITHHELD SALARIES. (PHOTO).