Kenyan President William Ruto, addressing the nation, announced the cancellation of all proposed deals with Indian company Adani Group. These agreements included large projects such as energy transmission and airport expansion. The Kenyan government has canceled a proposed $700 million power transmission deal with Adani Group. This agreement sought to create infrastructure for the transmission of electricity in the country. In addition, the Adani Group’s $1.8 billion proposal to expand an international airport was also cancelled.
Kenyan President Ruto said his government has canceled two major proposed deals with Indian company Adani Group. This decision has been taken following allegations of bribery against Adani Group in America. President Ruto said he has ordered the cancellation of the process to hand over control of Kenya’s main international airport to the Adani Group.
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Apart from this, the 30-year public-private partnership agreement signed by the Ministry of Power with the Adani Group last month was also cancelled. This agreement was to build a power transmission line in Kenya.
Did bribery accusations become the reason?
Adani Group has recently been accused of serious bribery in the United States. Following these accusations, the Kenyan government has taken this step. President Ruto said his government works under the principles of transparency and honesty and will not approve agreements that go against the image and interests of the country.
Also read: Adani’s project in India, accusations against Indian officials, so how did the investigation in the United States begin? understand the whole thing
President Ruto’s statement
President Ruto said in his speech: “We will not accept any contract that goes against the policies and values of our country.” It will be interesting to see what effect this decision by the Kenyan government will have on the country’s development plans. Now all eyes are on the reaction of the Adani Group and the next step of the Kenyan government.
Also read: Adani Group’s first statement: ‘The accusations made in the United States are baseless, the real decision will be made in the courts’
In his speech, President Ruto said: ‘I have ordered the agencies of the Ministry of Transport and the Ministry of Energy to immediately cancel the process of these projects. This decision has been made based on new information and input provided by the investigating agencies.
Accusations in America and the response of the Adani Group
According to US officials, Gautam Adani and seven others are accused of paying $265 million (approximately Rs 2.2 billion) in bribes to Indian government officials. However, Adani Group rejected these allegations and said it will resort to legal options. Earlier, Kenya’s Energy Minister Opio Wandyi had said there was no bribery or corruption in the transmission line project. This step by Kenya is considered a big blow for the Adani Group.
