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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UK WILL NOT PAY OUT REPARATIONS FOR SLAVERY IN CASH, FOREIGN SECRETARY SAYS. (PHOTO).

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 UK Will Not Pay Out Reparations for Slavery in Cash, Foreign Secretary Says


The concept of reparations doesn’t necessarily mean paying out money but also sharing skills and experience, UK’s Foreign Secretary David Lammy said in an interview to a Western TV broadcaster during his trip to Nigeria, Sputnik reported.


"The concept of reparations for former colonial nations affected by slavery is not about the transfer of cash, particularly at a time of a cost of living crisis," David Lammy said, as quoted by the media.


The report noted that the UK has never apologized for its policy in colonial time, although Lammy stated the opposite.


Earlier, Zimbabwean President Emmerson Mnangagwa said that the UK should apologize and pay reparations for colonizing Zimbabwe. The president pointed out that the UK and Germany had apologized to the Mau Mau of Kenya and the Mbanderu, Herero, and Nama in Namibia, respectively. He underscored that the time had come for Zimbabwe to achieve justice for the country.

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