Diamond Member Pelican Press 0 Posted 5 hours ago Diamond Member Share Posted 5 hours ago This is the hidden content, please Sign In or Sign Up Kenya’s President William Ruto cancels major deals with Adani Group Kenya’s President William Ruto has cancelled two major deals involving Indian billionaire Gautam Adani, after the tycoon was indicted for ****** 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 second-richest man, was This is the hidden content, please Sign In or Sign Up for allegedly orchestrating a $250m (£198m) bribery scheme and concealing it to raise money in the US. Representatives from Adani Group have denied the allegations from US prosecutors and called them “baseless”. “In the face of undisputed evidence or credible information on ***********, I will not hesitate to take decisive action,” said Ruto in a speech met with loud cheers inside parliament. 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. Under the airport proposal, the upgrades would involve a new runway and an improved passenger terminal at the Jomo Kenyatta International Airport. The deals with the Adani group were hugely unpopular in the country, and there were concerns of ***********. The airport deal sparked a strike among airport workers in September, as many feared it would lead to job losses. Energy Minister Opiyo Wandayi told a parliamentary committee on Thursday there was no bribery or *********** involved in the procurement of the power lines. President Ruto has pledged to take action against ***********, following repeated allegations against his administration. Ruto said his government would now start to look for alternative partners for the airport and energy deals. This is the hidden content, please Sign In or Sign Up #Kenyas #President #William #Ruto #cancels #major #deals #Adani #Group This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up Link to comment https://hopzone.eu/forums/topic/172700-kenya%E2%80%99s-president-william-ruto-cancels-major-deals-with-adani-group/ Share on other sites More sharing options...
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