Kenya cancels airport and energy deals with Adani group after US indicts tycoon

Never entered into pact to operate airport in Kenya: Adani

New Delhi: Billionaire Gautam Adani’s group on Saturday clarified on reports of Kenya cancelling more than USD 2.5 billion in deals after US indictment on bribery charges, saying it had not entered into any binding agreement to operate Kenya’s main airport. On the pact it had signed last month to build and operate key electricity transmission lines in Kenya for 30 years, the group said the project did not fall within the ambit of Sebi’s disclosu…

"No Binding Agreement For Any Airport Project In Kenya": Adani Group

The Adani Group on Saturday clarified on reports of Kenya cancelling more than $2.5 billion in deals after the US' allegations, saying it had not entered into any binding agreement to operate Kenya's main airport. On the pact it had signed last month to build and operate key electricity transmission lines in Kenya for 30 years, the group said the project did not fall within the ambit of SEBI's disclosure regulations, thereby not warranting any d…

Kenya’s Ruto drops more than $2.5bn of Adani deals after US indictment

Adani Group involved in multibillion-dollar airport and power transmission deals, which have drawn sharp criticism

Business - Kenya scraps airport, power deals with Adani after US fraud indictment

Kenya's president has announced the cancellation of two major infrastructure deals with India's Adani Group, after US prosecutors charged its founder Gautam Adani and his associates with fraud over a 250 million dollar corruption scheme. The scandal has wiped more than 20 billion dollars off Adani's ten listed companies combined market value overnight.  Plus, it's the third Thursday of November, the official uncorking day for this year's Beaujol…

Kenya Cancels Airport, Energy Deals with Adani Group After US Indicts Indian Tycoon

Get latest articles and stories on World at LatestLY. Kenya's president said on Thursday that he has cancelled multimillion-dollar airport expansion and energy deals with Indian tycoon Gautam Adani after US bribery and fraud indictments against one of Asia's richest men. World News | Kenya Cancels Airport, Energy Deals with Adani Group After US Indicts Indian Tycoon.

Kenya cancels Adani deals after US indictment

The NewsKenya’s government has canceled all public-private partnership contracts signed with subsidiaries of India’s Adani Group.It follows the indictment of billionaire Gautam Adani in New York on Wednesday.President William Ruto announced controversial multimillion-dollar deals in the energy, transport and health sectors would be scrapped during his state of the nation address to parliament on Thursday. He cited the emergence of “credible info…