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

TRUMP PICKS FORMER WWE EXECUTIVE LINDA MCMAHON FOR EDUCATION SECRETARY. (PHOTO).


 Trump picks former WWE executive Linda McMahon for education secretary


Linda McMahon, co-chair of Donald Trump’s transition team, has been named as the president-elect’s pick for education secretary in his upcoming administration.

In a statement, Trump extolled the “incredible” job McMahon, the billionaire co-founder of World Wrestling Entertainment (WWE), has been doing as transition team co-chair and said: “As Secretary of Education, Linda will fight tirelessly to expand ‘Choice’ to every State in America, and empower parents to make the best Education decisions for their families. … We will send Education BACK TO THE STATES, and Linda will spearhead that effort.”

McMahon was made transition team chair in August, after having donated $814,600 to Trump’s 2024 campaign as of July. She served in Trump’s cabinet in his first administration as the administrator of the Small Business Administration from 2017 to 2019. McMahon chaired America First Action, a super PAC that backed Trump’s reelection campaign, where she raised $83m in 2020. She provided $6 million to help Trump’s candidacy after he secured the Republican presidential nomination in 2016, according to the Associated Press.

McMahon is the former chief executive of WWE, which she co-founded with her husband, Vince McMahon.

In October, McMahon was named in a new lawsuit involving WWE. The suit alleges that she and other leaders of the company allowed the sexual abuse of young boys at the hands of a ringside announcer, former WWE ring crew chief Melvin Phillips Jr. The complaint specifically alleges that the McMahons knew about the abuse and failed to stop it.

An attorney for the McMahons told USA Today Sports that the allegations are “false claims” stemming from reporting that the couple deems “absurd, defamatory and utterly meritless”.


McMahon stepped down from her position as WWE’s chief executive to enter politics. She ran twice for a US Senate seat in Connecticut, but lost in 2010 to Richard Blumenthal and in 2012 to Chris Murphy.

Since 2021, McMahon has been the chair of Washington DC-based thinktank America First Policy Institute’s board and chair of its Center for the American Worker.


McMahon is seen as a relative unknown in education circles, though she has expressed support for charter schools and school choice.


She served on the Connecticut Board of Education for a year starting in 2009. She told lawmakers at the time that she had a lifelong interest in education and once planned to become a teacher, a goal that fell aside after her marriage. She also spent years on the board of trustees for Sacred Heart University in Connecticut.


McMahon’s co-chair on the transition team and billionaire founder of the financial firm Cantor Fitzgerald, Howard Lutnick, was named as Trump’s pick for commerce secretary.

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).