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

SENEGAL'S EX-PRESIDENT MACKY SALL TO RUN FOR MEMBER OF PARLIAMENT. (PHOTO).


 Senegal's ex-President Macky Sall to run for MP

Senegal's former 


Senegal's former President Macky Sall will run for Member of Parliament in the country's November 17 parliamentary elections. 


Sall's political party, the Alliance for the Republic (APR), is in a coalition arrangement with other opposition parties, including the Senegalese Democratic Party (PDS) of former President Abdoulaye Wade.


Sall's coalition is called Takku Wallu Senegal, to mean "Let's Unite to Save Senegal" in the local Wolof language.


The coalition, formed in September, hopes to secure a majority in the 165-member parliament.


Parliament dissolved


President Bassirou Diomaye Faye dissolved parliament in September and called for legislative elections on November 17.


He said at the time that the opposition-controlled parliament had made it difficult for him to implement his government's agenda.


In Senegal, political parties share their lists of candidates with the electoral commission (CENA) ahead of parliamentary elections.


On voting day, the citizens directly vote for their preferred list.


Sall tops list of opposition coalition


Upon tallying of results, the list that receives the highest number of votes, takes all the seats in a district.


There are 112 parliamentary seats that are filled through this method.


The remaining 53 parliamentary seats would thereafter be filled based on their percentage of the votes secured nationally.


Former President Sall tops the list of names proposed for parliament by Takku Wallu Senegal coalition.


Keeping government in check


Sall, who recently accepted his nomination for parliamentary seat, said he will run for parliament to keep the government in check.


The former president said the gains his administration made, mainly economic, have been "eroded" under President Faye's rule.


Faye's administration however says it inherited a "poorly managed" government.


Sixty-two-year-old Sall served as Senegal's fourth president from 2012 to 2024.

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).