Kenya Cancels Power Transmission Deal With Adani Group Amid US Bribery Charges
The Kenyan government has announced the cancellation of a multi-million dollar deal with Adani Group following allegations of bribery and fraud leveled against the conglomerate by US authorities, as reported by news agency Reuters. Kenyan President William Ruto disclosed the decision on Thursday, stating that he had directed the termination of a $700 million contract for constructing power transmission lines.
Additionally, Ruto ordered the cancellation of a procurement process to expand Jomo Kenyatta International Airport, which included a proposal from Adani Group.
The move comes as Adani Group faces legal troubles in the United States. US prosecutors recently indicted Adani executives, including founder Gautam Adani, on charges of orchestrating a $265 million bribery scheme. The indictme...