HomeEconomyKenya scraps proposed deals with Adani Group after US charges

Kenya scraps proposed deals with Adani Group after US charges

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Kenyan President William Ruto mentioned on Thursday he had ordered the cancellation of a procurement course of anticipated to present management of the nation’s foremost airport to India’s Adani Group following the indictment of the corporate’s founder within the United States that worn out billions within the group’s worth.

Ruto mentioned he had additionally directed the cancellation of a 30-year, $736 million public-private partnership deal the vitality ministry had signed with a unit of the Adani Group final month to assemble energy transmission traces.

“I have directed agencies within the Ministry of Transport and within the Ministry of Energy and Petroleum to immediately cancel the ongoing procurement,” Ruto mentioned in his state of the nation handle, attributing the choice to “new information provided by investigative agencies and partner nations.”

U.S. authorities mentioned on Wednesday that Gautam Adani, one of many world’s richest individuals, and 7 different defendants agreed to pay about $265 million in bribes to Indian authorities officers.

Adani Group denied the allegations and mentioned in a press release that it will search “all possible legal recourse.”

Earlier on Thursday, Energy Minister Opiyo Wandayi had mentioned there was no bribery or corruption concerned within the award of the transmission traces contract.

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