{"id":18184,"date":"2024-11-22T06:25:30","date_gmt":"2024-11-22T06:25:30","guid":{"rendered":"https:\/\/gpt.m2mbeta.com\/?p=18184"},"modified":"2024-11-22T06:25:30","modified_gmt":"2024-11-22T06:25:30","slug":"kenyas-president-cancels-major-deals-with-adani-group","status":"publish","type":"post","link":"https:\/\/gpt.m2mbeta.com\/?p=18184","title":{"rendered":"Kenya's president cancels major deals with Adani Group"},"content":{"rendered":"
\n

Kenya’s President William Ruto has cancelled two major deals involving Indian billionaire Gautam Adani, after the tycoon was indicted for fraud by US prosecutors. <\/p>\n

In his state-of-the-nation address on Thursday, Ruto said the deals had been cancelled based on “new information provided by our investigative agencies and partner nations”.<\/p>\n

The day before, Mr Adani, India’s second-richest man, was charged with fraud by US prosecutors<\/a> for allegedly orchestrating a $250m (\u00a3198m) bribery scheme and concealing it to raise money in the US. <\/p>\n

Representatives from Adani Group have denied the allegations from US prosecutors and called them “baseless”.<\/p>\n<\/div>\n

\n

“In the face of undisputed evidence or credible information on corruption, I will not hesitate to take decisive action,” said Ruto in a speech met with loud cheers inside parliament. <\/p>\n

The Adani Group was set to invest $1.85bn in Kenya’s main airport in exchange for a contract to run it for 30 years, as well as a $736m deal with the energy ministry to construct power lines.<\/p>\n

Under the airport proposal, the upgrades would involve a new runway and an improved passenger terminal at the Jomo Kenyatta International Airport.<\/p>\n

The deals with the Adani group were hugely unpopular in the country, and there were concerns of corruption. <\/p>\n

The airport deal sparked a strike among airport workers in September, as many feared it would lead to job losses. <\/p>\n

Energy Minister Opiyo Wandayi told a parliamentary committee on Thursday there was no bribery or corruption involved in the procurement of the power lines. <\/p>\n

President Ruto has pledged to take action against corruption, following repeated allegations against his administration. <\/p>\n

Ruto said his government would now start to look for alternative partners for the airport and energy deals.<\/p>\n<\/div>\n

<\/p>\n

\n

Source: <\/em> www.bbc.com\u2026<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Kenya’s President William Ruto has cancelled two major deals involving Indian billionaire Gautam Adani, after the tycoon was indicted for fraud by US prosecutors. In his state-of-the-nation address on Thursday, Ruto said the deals had been cancelled based on “new information provided by our investigative agencies and partner nations”. The day before, Mr Adani, India’s […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18184","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/gpt.m2mbeta.com\/index.php?rest_route=\/wp\/v2\/posts\/18184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gpt.m2mbeta.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gpt.m2mbeta.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gpt.m2mbeta.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gpt.m2mbeta.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18184"}],"version-history":[{"count":0,"href":"https:\/\/gpt.m2mbeta.com\/index.php?rest_route=\/wp\/v2\/posts\/18184\/revisions"}],"wp:attachment":[{"href":"https:\/\/gpt.m2mbeta.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gpt.m2mbeta.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gpt.m2mbeta.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}