Kenya Cancels $730M Deals with Adani Group Amid US Indictment

Aakhir Tak – In Shorts

Kenyan President William Ruto canceled $730 million deals with the Adani Group.
The deals involved airport control and power transmission line construction.
US authorities accused Gautam Adani of paying $265 million in bribes.
Kenya’s Energy Minister earlier denied any corruption in the projects.
Adani Group denied allegations and vowed to pursue legal remedies.

Aakhir Tak – In Depth

Kenya Cancels Adani Deals After US Indictment

Kenyan President William Ruto announced the cancellation of several proposed deals with the Adani Group. The decision follows allegations by US authorities that Gautam Adani paid bribes worth $265 million.

Which Deals Were Canceled?

The canceled agreements include plans to hand over control of Kenya’s main airport to the Adani Group. Additionally, a $736 million public-private partnership (PPP) for constructing power transmission lines was terminated.

US Allegations Against Adani

US officials revealed that Gautam Adani and seven others allegedly bribed Indian government officials. The alleged $265 million bribery case has raised concerns over the group’s global operations.

Adani Group’s Response

Adani Group has denied the allegations, stating they would explore all legal options to defend their reputation. The group emphasized its commitment to transparency in its operations.

Kenya’s Official Stance

In his state of the nation address, Ruto explained the decision was based on “new information” from investigative agencies and partner nations. Earlier, Energy Minister Opiyo Wandayi denied corruption in awarding the energy project.