Kenya cancels proposed deals with Adani Group after U.S. indictments

Kenyan President William Ruto said on Thursday (November 21, 2024) that he had ordered the cancellation of a procurement process expected to hand control of the country’s main airport to the Adani Group

Kenyan President William Ruto said on Thursday (November 21, 2024) that he had ordered the cancellation of a procurement process expected to hand control of the country’s main airport to the Adani Group | Photo Credit: Reuters

Kenyan President William Ruto said on Thursday (November 21, 2024) that he had ordered the cancellation of a procurement process expected to hand control of the country’s main airport to the Adani Group following the indictment of Gautam Adani in the United States.

Mr. Ruto said he had also directed the cancellation of a 30-year, $736-million public-private partnership deal the energy ministry had signed with a unit of the Adani Group last month to construct power transmission lines.

“I have directed agencies within the Ministry of Transport and within the Ministry of Energy and Petroleum to immediately cancel the ongoing procurement,” Mr. Ruto said in his State of the Nation address, attributing the decision to “new information provided by investigative agencies and partner nations”.

U.S. authorities said on Wednesday (November 20, 2024) that Gautam Adani, one of the world’s richest people, and seven other defendants agreed to pay about $265 million in bribes to Indian government officials.

Adani Group denied the allegations and said in a statement that it would seek “all possible legal recourse”.

Earlier on Thursday (November 21, 2024), Energy Minister Opiyo Wandayi said there was no bribery or corruption involved in the award of the transmission lines contract.

Published – November 21, 2024 07:13 pm IST

Manas Ranjan Sahoo
Manas Ranjan Sahoo

I’m Manas Ranjan Sahoo: Founder of “Webtirety Software”. I’m a Full-time Software Professional and an aspiring entrepreneur, dedicated to growing this platform as large as possible. I love to Write Blogs on Software, Mobile applications, Web Technology, eCommerce, SEO, and about My experience with Life.

We will be happy to hear your thoughts

Leave a reply

Webtirety Dispatch
Logo
Shopping cart