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

CHAD THREATENS TO WITHDRAW FROM MULTINATIONAL SECURITY FORCE. (PHOTO).


 Chad threatens to withdraw from multinational security force


Chad's interim President Mahamat Idriss Deby has threatened to withdraw the Central African country from a multinational security force, which he said had failed in its task of tackling insurgent groups in the Lake Chad region, Reuters reported.


Deby made the statement on Sunday during a visit to the region, which sits in part of western Chad and also Nigeria, Niger, and Cameroon. Around 40 Chadian soldiers were killed in an attack there by suspected Boko Haram militants in late October.


Announcing the launch of an operation against the attackers, Deby said he was considering withdrawing from the Multinational Joint Task Force (MNJTF), made up of troops from the countries bordering Lake Chad.


The joint force's work has been complicated by divisions and a lack of cooperation, but the withdrawal of Chad would represent a major blow as its armed forces are among the most respected in the region.


Deby cited "the lack of joint efforts against the common enemy, which is unfortunately always observed on the ground. This force - created with the aim of pooling efforts and intelligence - seems to be in a slump."


The Lake Chad region has been repeatedly attacked by insurgencies, including by Islamic State militants in West Africa and Boko Haram, which erupted in northeast Nigeria in 2009 and spread to the west of Chad.

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).