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Kenya cancels airport and energy deals with Adani group after the U.S. indicts the tycoon

SeattlePI.com Thursday, 21 November 2024 ()
Kenya’s president says he has cancelled multimillion-dollar airport expansion and energy deals with Indian tycoon Gautam Adani after U.S. bribery and fraud indictments against one of Asia’s richest men. President William Ruto in a state of the nation address said the decision was made “based on new information provided by our investigative agencies and partner nations.” He didn’t specify the United States. The Adani group had been in the process of signing an agreement that would modernize Kenya’s main airport. It had also been awarded a deal to construct power transmission lines in Kenya, East Africa’s business hub.
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Video Credit: Oneindia - Published
News video: BREAKING: US authorities accuse the Adanis of a $265 million bribery scheme to secure loans.

BREAKING: US authorities accuse the Adanis of a $265 million bribery scheme to secure loans. 03:06

 The US has issued arrest warrants for Gautam and Sagar Adani over a $265 million bribery and fraud scheme. The Adani Group is accused of concealing corruption to raise billions in loans while securing energy contracts. The case also involves international defendants, including Australian businessman...

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