India  

KENYAN PRESIDENT CANCELS MAJOR ELECTRICITY AND AIRPORT DEALS

Video Credit: Rumble - Published
KENYAN PRESIDENT CANCELS MAJOR ELECTRICITY AND AIRPORT DEALS

KENYAN PRESIDENT CANCELS MAJOR ELECTRICITY AND AIRPORT DEALS

President William Ruto has canceled two main deals involving Jomo Kenyatta International Airport (JKIA) and the Kenya Electricity Transmission Company (Ketraco) with Indian billionaire Gautam Adani after he was indicted for fraud by U.S. prosecutors.Adani was accused of orchestrating a U.S.$250 million bribery scheme and concealing it to raise money in the U.S.Ruto said the deals had been canceled due to "new information provided by our investigative agencies and partner nations".Join this conversation and more coming right up.


You Might Like

Related news from verified sources

Kenya: Ruto Cancels Major Deals with Adani Group

[Business Day Africa] President William Ruto has ordered the immediate cancellation of Adani Group...
allAfrica.com - Published Also reported by •BBC News