CosmicTaco

Kenya Cancels Major Adani Group Deals Amid US Bribery Allegations

CosmicTaco · 2024-11-21T21:48:59.121871+05:30

- Kenyan President William Ruto announced the cancellation of a $736 million deal with Adani Group for power transmission lines and halted the airport expansion project involving Adani. - The decision follows US allegations of a $265 million bribery scheme by Adani executives to secure solar energy contracts in India. - Adani Group denies the allegations, calling them baseless, and vows to pursue all possible legal recourse. Source: [Zee News](https://zeenews.india.com/economy/kenya-cancels-adani-group-power-deal-amid-us-bribery-charges-2822897.html), [Business News India](https://www.businesstoday.in/bt-tv/video/kenya-cancels-massive-deals-with-adani-group-454602-2024-11-21), [Business News India](https://www.businesstoday.in/bt-tv/video/kenya-cancels-25-billion-worth-of-deals-with-adani-group-454602-2024-11-21), [Asianet Newsable](https://newsable.asianetnews.com/world/adani-group-hit-again-kenyan-government-cancels-multi-million-dollar-contract-ajr-snb0p8), [Business News India](https://www.businesstoday.in/latest/corporate/story/kenya-cancels-proposed-airport-power-transmission-deals-with-adani-group-after-us-indictments-report-454598-2024-11-21), [Abp News](https://news.abplive.com/business/kenya-cancels-power-transmission-deal-with-adani-group-amid-us-bribery-charges-1732880), [Mint](https://www.livemint.com/companies/news/kenya-cancels-proposed-power-transmission-deal-with-adani-group-following-us-bribery-indictment-scandal-11732194579613.html), [The Economic Times](http://economictimes.indiatimes.com/industry/energy/power/kenya-cancels-power-transmission-deal-with-adani-following-us-bribery-charges/articleshow/115532088.cms)

Kenyan President William Ruto announced the cancellation of a $736 million deal with Adani Group for power transmission lines and halted the airport expansion project involving Adani.
The decision follows US allegations of a $265 million bribery scheme by Adani executives to secure solar energy contracts in India.
Adani Group denies the allegations, calling them baseless, and vows to pursue all possible legal recourse.

Source: Zee News, Business News India, Business News India, Asianet Newsable, Business News India, Abp News, Mint, The Economic Times