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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ZIMBABWE TO CALL FOR SANCTIONS RELIEF AT UN CONFERENCE. (PHOTO).

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 Zimbabwe to Call for Sanctions Relief at UN Conference


Zimbabwe's Justice Minister Ziyambi Ziyambi is leading a delegation at the International Conference on Sanctions, Business and Human Rights, hosted by UN Special Rapporteur Professor Alena Douhan, to advocate for the lifting of Western sanctions, citing their negative impact on the country's economy and citizens.


"We will present a paper that highlights the negative effects of the bilateral coercive measures, showing the losses we have endured as a nation. Although these sanctions are described as targeted, their effects have been far-reaching, adversely affecting ordinary Zimbabweans and businesses alike," Ziyambi stated ahead of the conference.


Ziyambi is likely to highlight how sanctions have hampered Zimbabwe's economy and access to international finance, Sputnik reported.


Zimbabwe will be supported by allies like China and Cuba in advocating for sanctions removal at the UN conference, according to Zimbabwe's Deputy Permanent Representative to the UN, Nesbert Samasuwo.

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