Kenyan President William Ruto announced the cancellation of a procurement process that would have handed control of the country's main airport to India's Adani Group, following the indictment of its founder, Gautam Adani, in the United States on Thursday.
In a state of the nation address, Ruto confirmed that he had instructed relevant government agencies to immediately cancel the ongoing procurement linked to the airport.
He also ordered the cancellation of a 30-year, $736 million public-private partnership agreement signed last month by Kenya's energy ministry with an Adani Group subsidiary to build power transmission lines.
The president attributed the cancellations to "new information provided by investigative agencies and partner nations."
The move comes in the wake of allegations in the US, where authorities stated that Gautam Adani, along with seven other individuals, had agreed to pay $265 million in bribes to Indian government officials.
Adani Group has strongly denied the bribery allegations, stating it would pursue "all possible legal recourse" to challenge the claims.
Earlier in the day, Energy Minister Opiyo Wandayi denied any involvement of bribery or corruption in the awarding of the transmission lines contract.
Follow us
