Kenya cancels Adani airport and energy deals following US bribery indictment: Report
Nairobi: Kenyan President William Ruto announced on Thursday the cancellation of multimillion-dollar airport and energy deals with Indian tycoon Gautam Adani, following US bribery and fraud indictments against the billionaire, according to the Associated Press.
In a state of the nation address, Ruto stated that the decision was based on "new information provided by our investigative agencies and partner nations."
While he did not specifically mention the United States, the announcement comes after Adani was charged by US prosecutors earlier this week.
The Adani Group had been negotiating a controversial deal to modernize Kenya's primary airport in Nairobi.
The proposed agreement included constructing an additional runway and terminal in exchange for operating the airport for 30 years.
The proposed agreement had faced significant backlash, including protests by workers and critics who argued it would lead to job losses and poor working conditions.
The group had also secured a contract to build power transmission lines in Kenya, a major business hub in East Africa.
Appearing before a parliamentary committee on Thursday, Energy Minister Opiyo Wandayi asserted that there had been no corruption on Kenya’s part during the signing of the energy deal.
US prosecutors have accused Adani of misleading investors in a large solar energy project in India, claiming it was facilitated through a bribery scheme. The charges include securities fraud and conspiracy to commit securities and wire fraud.
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