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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BURKINA FASO HAILS RUSSIA TIES, SAYS 'SUITS' BETTER THAN FRANCE. (PHOTO).

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 Burkina Faso hails Russia ties, says 'suits' better than France


Burkina Faso's foreign minister praised cooperation with Russia on Saturday as "suiting" his country better than its historic ties with France, AFP reported.


Following a 2022 military coup, Burkina Faso's new leadership broke with Paris and has embraced Russia, which has sent army instructors to help Ouagadougou's fight against an insurgency.


Attending a Russia-Africa summit in the southern Russian city of Sochi, Foreign Minister Karamoko Jean-Marie Traore said Russia was a "partner with whom we can make progress" and that there was "no fear" of becoming militarily dependent on Moscow.


"The offer which has been made through cooperation with Russia, is better suited to the people" of Burkina Faso, he told AFP in an interview on the sidelines of the Sochi summit.


He said Russia, like Burkina Faso, has suffered from "cliches constructed by other partners" in the West.


Russia is seeking to advance its diplomatic, political and economic clout in Africa as its troops fight in Ukraine.


Moscow's narrative blasting neocolonialism and Western hegemony resonates strongly with many leaders on the continent.


Burkina Faso was a French colony for the first half of the 20th Century, and relations have soured with Paris following the 2022 coup.


Moscow has sent military instructors there - as well as to several other African countries - to help in a decade-long fight against insurgents.


Traore dismissed the idea the country could become too reliant on Moscow.


"There is no room for fear, because we know what we want and where we want to go. And we know how we want to work with our new partners," he told AFP.

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