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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TAIWAN REJECTS SOUTH AFRICA DEMAND TO MOVE DIPLOMATIC OFFICE FROM CAPITAL. (PHOTO).

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 Taiwan rejects South Africa demand to move diplomatic office from capital


Taiwan has again rejected South Africa’s demand that it move its representative office in the country from the capital, Pretoria, to the commercial center of Johannesburg, AP reported.


Taiwan Foreign Ministry spokesperson Jeff Liu said at a news conference on Tuesday that the demand to move or shut the office entirely violated a 1997 agreement between the sides on the location of their mutual representative offices following the severing of formal diplomatic relations.


“Facing this kind of unreasonable demand, our side cannot grant our acceptance,” Liu said.


South Africa maintains a liaison office in Taiwan’s capital, Taipei, and the sides have a strong commercial relationship.


Liu repeated Foreign Minister Lin Chia-lung’s avowal at the legislature on Monday that Taiwan “was prepared for all eventualities” over the issue. The office is Taiwanese property and Taipei retains the right to determine its location and status, Lin and Liu said.


China, which claims Taiwan as its own territory that must be annexed by force if necessary, relentlessly seeks to minimize Taiwan's international representation, although the self-governing island republic maintains robust unofficial relations with the US and other major nations.


South Africa confirmed last week that it had asked Taiwan to move its liaison office, in a demand seen purely as a concession to China, which has used its influence to keep Taiwan out of the United Nations and affiliated branches such as the World Health Organization, and limit its formal diplomatic partners to just 11 countries and the Vatican.

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