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Indian conglomerate chair Gautam Adani indicted in the US

November 21, 2024

Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world’s richest people, has been indicted in New York over an alleged multibillion-dollar fraud scheme, United States prosecutors have said. On Wednesday authorities 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...

At least 150 people killed over past week in Haiti’s Port-au-Prince: UN

November 21, 2024

At least 150 people have been killed in Port-au-Prince over the past week, the United Nations says, as the Haitian capital reels from a surge in gang violence. In a statement on Wednesday, the UN Office of the High Commissioner for Human Rights said more than half of the deaths – at least 55 percent – came “from exchanges of fire between gang members and police”. Another 92...

Archegos’s Bill Hwang sentenced to 18 years in prison for massive US fraud

November 21, 2024

Hwang had been convicted in July on 10 criminal charges including wire and securities fraud, market manipulation. Former billionaire investor Sung Kook “Bill” Hwang has been sentenced to 18 years in prison over the collapse of Archegos Capital Management, which cost Wall Street banks more than $10bn. Hwang was sentenced on Wednesday by United States District Judge Alvin Hellerstein in Manhattan, where a jury convicted Hwang in July on...

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Fines for causing obstructions will be enforced under Section 201 of the Motor Vehicles Act, with penalties ranging from Rs 5,000 to …

Rishiraj Sawant and his two friends, heading to Bangkok on what they later claimed was a “business trip”, were hurriedly brought back …