Ruto cancels Adani's infrastructure deals after bribery allegations
National
By
David Njaaga
| Nov 21, 2024
President William Ruto has cancelled the controversial Adani Group’s deal to take over Kenya’s energy and aviation sectors, directing the Ministries of Transport and Energy to seek alternative partners.
Ruto made the announcement during his State of the Nation Address on Thursday, November 21, citing credible evidence from relevant agencies.
“In the face of undisputed evidence or credible information on corruption, I will not hesitate to take action,” said Ruto.
The move follows a series of allegations against the Adani Group, including charges brought against its chair, Gautam Adani, by the U.S. government.
Adani, alongside his nephew Sagar Adani, was accused of paying Sh30 billion in bribes to Indian officials to secure solar energy contracts, according to the U.S. Department of Justice.
READ MORE
Inside Ruto's high-stakes China visit amid raging global trade war
Coffee farmers oppose new payment proposal
US China trade war to drag global economy into recession
Treasury PS blames ballooning debt on costly new constitution
Interpol, FBI probe CBEX scam in Kenya and Nigeria
State taps new team to review Sacco laws
Gen Zs to dominate consumer spending in the next 10 years
Afrexim pushes for Africa trade bloc as protectionism bites
“These bribes were used to deceive investors and banks, raise billions of dollars and obstruct justice,” said Lisa Miller, Deputy Assistant Attorney General.
The solar contracts, expected to generate over $2 billion in profits, are now at the centre of an investigation that includes evidence such as cellphone records, documents and photographs.
Ruto's directive follows the U.S. investigation into a multi-billion-dollar fraud scheme linked to the Adani Group.