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A US federal court has issued an arrest warrant for one of India’s richest men.

Billionaire Gautam Adani has been charged by the US Securities and Exchange Commission (SEC) with allegedly defrauding investors and bribing officials.

The 62-year-old Adani Group boss, worth $116bn (£91.77bn) faces the allegations along with his nephew Sagar Adani and six others in relation to one of the world’s largest solar projects.

Adani Group has been accused of fraudulent practices in the past. 
File pic: AP/Manish Swarup
Image:
Adani Group has been accused of fraudulent practices in the past.
File pic: AP/Manish Swarup

An investigation conducted by the FBI claimed Mr Adani and others agreed to bribe Indian government officials to obtain lucrative solar energy supply contracts.

Deputy assistant attorney general Lisa Miller said: “This indictment alleges schemes to pay over $250m [£197.75m] in bribes to Indian government officials, to lie to investors and banks to raise billions of dollars, and to obstruct justice.”

FBI assistant director James Dennehy said: “Adani and other defendants also defrauded investors by raising capital on the basis of false statements about bribery and corruption, while still other defendants allegedly attempted to conceal the bribery conspiracy by obstructing the government’s investigation.”

The company has been accused of being too close to Prime Minister Narendra Modi in the past.
File pic: AP/Manish Swarup
Image:
The company has been accused of being too close to prime minister Narendra Modi in the past.
File pic: AP/Manish Swarup

The 54-page indictment said that between 2020 and 2024, the defendants agreed to pay bribes for contracts that would generate more than $2bn (£1.58bn) in profits.

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The FBI said on several occasions, Mr Adani personally met with an Indian government official to advance the bribery scheme, and the defendants held in-person meetings with each other to discuss aspects of its execution.

According to the indictment, some conspirators would use the codenames “numero uno” and “the big man” to refer to Mr Adani in private.

Adani Group chairman Gautam Adani pictured in January 2024.
File pic: AP/Ajit Solanki
Image:
Adani Group chairman Gautam Adani pictured in January 2024.
File pic: AP/Ajit Solanki

“Sagar Adani had notes on his cellphone that tracked the region where a bribe was paid, the amount paid and the expected contract size for solar power business that his company would be expected to provide in return,” it said.

It added text messages allegedly revealed other Adani Group associates attempted to destroy evidence and mislead federal investigators.

The Adani story is tied to Modi

The news of the case has caused a bloodbath on Adani shares some of which plunged more than 20% hitting the lower circuit in this morning’s trading.

Millions have been wiped out in market value of the various companies of the conglomerate.

Mr Adani is a supporter of prime minister Narendra Modi.

The two come from the Gujarat, where Mr Modi was chief minister for over a decade.

Since Modi’s premiership in 2014 the rise of Mr Adani can only be described as colossal.

His value has grown more than 2,500% in the last five years.

From coal to green energy, ports, and airports, Mr Adani is inseparable from India’s growth story.

In a press conference leader of opposition, Rahul Gandhi demanded: “Mr Adani be arrested immediately for breaking the law in the US and India and a start of an investigation. Prime Minister Modi is protecting the businessman because he is involved in his corruption.”

BJP leader Sambit Patra said the allegations were against the company, who will reply to them. He added: “The people of this country are behind PM Modi and his credibility is intact and growing.”

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In February 2023, US short-seller Hindenburg Research published a report alleging the Adani Group was manipulating their stock prices, committing accounting fraud and was involved in money laundering.

The group dismissed these allegations as “malicious and baseless”.

But the allegations wiped off over $100bn (£79bn) from the company’s valuation.

India's Congress party leader Rahul Gandhi speaks to the media on Gautam Adani after the US arrest warrant was issued.
Pic: AP/Manish Swarup
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India’s Congress party leader Rahul Gandhi speaks to the media on Gautam Adani.
Pic: AP/Manish Swarup

In response to the most recent allegations, the group said: “The allegations made by the US Department of Justice and the US Securities and Exchange Commission against directors of Adani Green are baseless and denied.

“As stated by the US Department of Justice itself, ‘the charges in the indictment are allegations and the defendants are presumed innocent unless and until proven guilty.’ All possible legal recourse will be sought.

“The Adani Group has always upheld and is steadfastly committed to maintaining the highest standards of governance, transparency and regulatory compliance across all jurisdictions of its operations.

“We assure our stakeholders, partners and employees that we are a law-abiding organisation, fully compliant with all laws.”

A number of Adani projects in Kenya, Bangladesh, Sri Lanka and Australia have become major issues of contention regarding transparency and environmental damage and have faced major protests outside India.

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Buddhist monk sex scandal grips Thailand as woman arrested

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Buddhist monk sex scandal grips Thailand as woman arrested

A sex scandal has rocked Thailand’s Buddhist clergy after a woman allegedly enticed a string of monks into having sex with her and then blackmailed them.

At least nine abbots and senior monks have been disrobed and cast out of the monkhood, the Royal Thai Police Central Investigation Bureau said.

Wilawan Emsawat, in her mid-30s, is accused of enticing senior monks into having sex with her and then pressuring them into making large payments to cover it up.

Thai monks are largely members of the Theravada sect, which requires them to be celibate and refrain from even touching a woman.

Several monks transferred large amounts of money after Wilawan initiated romantic relationships with them, police said -her bank accounts received around 385 million baht (£8.8m) in the past three years, with most of that spent on gambling websites.

Wilawan was arrested at her home in Nonthaburi province, north of the capital Bangkok, on charges including extortion, money laundering and receiving stolen goods.

Thai media reported a search of her mobile phones revealed tens of thousands of photos and videos, as well as numerous chat logs indicating intimacy with several monks, many of which could be used for blackmail.

Thailand's Central Investigation Bureau holding a press conference in Bangkok
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Thailand’s Central Investigation Bureau holding a press conference in Bangkok. Pic: Central Investigation Bureau/AP

An investigation was launched last month after an abbot of a famous temple in Bangkok abruptly left the monkhood.

He had allegedly been blackmailed by Wilawan over their romantic relationship, investigators found.

She told the monk she was pregnant and asked him to pay her 7.2 million baht (£165,000), Jaroonkiat Pankaew, a Central Investigation Bureau deputy commissioner, said at a news conference in Bangkok on Tuesday.

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Acting Prime Minister Phumtham Wechayachai ordered authorities to review and consider tightening existing laws related to monks and temples, especially the transparency of temple finances, to restore faith in Buddhism, government spokesperson Jirayu Houngsub said on Tuesday.

The Central Investigation Bureau has set up a Facebook page for people to report monks who misbehave, Mr Jaroonkiat said.

“We will investigate monks across the country,” he said. “I believe that the ripple effects of this investigation will lead to a lot of changes.”

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Tomorrowland: ‘Devastating’ blaze destroys main stage at major festival – two days before it was due to begin

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Tomorrowland: 'Devastating' blaze destroys main stage at major festival - two days before it was due to begin

A huge fire has destroyed the main stage of a major festival in Belgium – two days before it was due to begin.

Tomorrowland is a dance music event as big as Glastonbury – and David Guetta was due to perform.

Footage showed flames and thick plumes of black smoke engulfing the stage and spreading to nearby woodland on Wednesday.

fire destroyed the main stage at the Tomorrowland festival site in Belgium
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The fire gutted the main stage


 fire which destroyed the main stage at the Tomorrowland festival site in Belgium
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Fire crews attempt to bring the blaze under control

The annual festival in the town of Boom, north of Brussels, is one of the biggest in Europe and attracts about 400,000 people over two consecutive weekends.

It is famous for its immersive and elaborate designs and attracts big names within dance music – including Guetta, best known for tracks When Love Takes Over and Titanium.

Dutch DJs Martin Garrix and Charlotte de Witte were also due to perform, along with the likes of Swedish House Mafia, Eric Prydz and Alok.

A fire destroyed the main stage at the Tomorrowland festival site in Belgium
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Black smoke could be seen rising into the sky


The festival’s website described the creative elements which went into the elaborate main stage.

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The theme, described as Orbyz, was “set in a magical universe made entirely out of ice” and “full of mythical creatures”.

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Organisers said no one was injured in the blaze but confirmed “our beloved main stage has been severely damaged”, adding they were “devastated”.

Spokesperson Debby Wilmsen added: “We received some truly terrible news today. A fire broke out on the Tomorrowland site … and our main stage was essentially destroyed there, which is truly awful.

“That’s a stage that took years to build, with so much love and passion. So I think a lot of people are devastated.”

Spokesperson Debby Wilmsen who said fire destroyed the main stage at the Tomorrowland festival site in Belgium
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Spokesperson Debby Wilmsen told reporters ‘a lot of people are devastated’

Despite the fire, Tomorrowland organisers said they were still expecting 38,000 festivalgoers at DreamVille, the event’s campsite.

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Why Israel is getting involved in Syria’s internal fighting

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Why Israel is getting involved in Syria's internal fighting

Israel has shown little respect for international borders since becoming the unrivalled military hegemon of the Middle East.  Today that meant an Israeli airstrike on a government building in Damascus.

Israel says its attack on a Syrian defence ministry facility was intended as a warning to the new government: stay out of the part of southern Syria we have occupied or else.

Israel has moved into parts of the south of the country, built military bases and declared a line of control.

Smoke rises from an Israeli airstrike that hit the Syrian Defence Ministry in Damascus.
Pic: AP
Image:
Smoke rises from an Israeli airstrike that hit the Syrian Defence Ministry in Damascus. Pic: AP

On Monday, Syrian tanks heading south to try and restore order following an outbreak of factional fighting were attacked by Israeli warplanes.

“The presence of such vehicles in southern Syria could pose a threat to Israel,” stated the Israel Defence Forces.

In reality, Syria’s ageing tanks pose minimal threat to Israel’s state-of-the art military.

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Syrian presenter interrupted by Israeli airstrike

The Syrian armour was attacked as it entered the area around Sweida in the Druze heartland of southern Syria following factional fighting there.

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The flare-up reportedly began with clashes between Bedouin and Druze groups that ended in scores killed.

The background to the escalation is complicated.

At least three Druze militia groups are divided in their loyalties to different religious leaders and differ over how they should respond to calls to assimilate into the new post-revolutionary Syria.

Druze from Syria and Israel protest on the Israeli-Syrian border, in Majdal Shams in the Israeli-controlled Golan Heights.
Pic: AP
Image:
Druze from Syria and Israel protest on the Israeli-Syrian border.
Pic: AP

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Israel is becoming more and more involved in Syria’s internecine war and says it will remain there indefinitely “to protect our communities and thwart any threat”.

Its critics say Israel is operating a policy of divide and rule in Syria, weakening the fledgling government and creating a buffer zone to protect the border with the Golan Heights – originally Syrian territory that it has occupied and annexed for almost half a century.

Since the fall of the Assad regime, Israel has used airstrikes to destroy of much of Syria’s military capability weakening its ability to impose control on outlying regions. This makes it more not less likely Israel will have a volatile unstable state on its northern border.

Syrian security forces walk together along a street in the southern Druze city of Sweida.
Pic: Reuters
Image:
Syrian security forces walk along a street in the southern Druze city of Sweida. Pic: Reuters

America and European powers have chosen to normalise relations with the new government in Damascus and lift sanctions.

In contrast Israel has occupied its territory, bombed its military and today hit one of its government buildings in the capital with an airstrike.

Since its crushing military campaigns against Hamas, Hezbollah and Iran, Israel has emerged as the unchallenged military power of the region.

There is however a limit to what blunt force can achieve alone. It requires diplomacy to achieve lasting gains and Israel’s repeated assaults on multiple neighbours combined with its relentless campaign in Gaza are winning it few friends in the region.

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