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President Ruto Cancels Adani Group's Deals Over Corruption Allegations - Mwanzo TV

President Ruto Cancels Adani Group’s Deals Over Corruption Allegations

President William Ruto has ordered the cancellation of the ongoing deals with the Adani Group involving Kenya’s energy and aviation sectors. The directive came during his State of the Nation Address on Thursday, where he cited credible evidence from local investigative agencies and international partners.

President William Ruto and Gautam Adani

The deals under scrutiny included a proposed Ksh. 260 billion agreement to renovate Jomo Kenyatta International Airport (JKIA) and a Ksh. 95 billion project to develop Kenya’s power transmission lines. Ruto stated that these agreements could no longer proceed due to overwhelming evidence of corruption surrounding the Adani Group.

Ruto emphasized that in light of such credible information, he would not hesitate to take action.

“In the face of undisputed evidence or credible information on corruption, I will not hesitate to take action,”  Ruto said. This decision follows allegations against Gautam Adani, the chairman of the Adani Group, who is accused by the U.S. government of bribing Indian officials to secure solar energy contracts.

Energy Cabinet Secretary, Opiyo Wandayi, had previously insisted that the deals with the Adani Group would proceed despite the allegations. However, Ruto’s directive now calls for the immediate cancellation of the ongoing procurement process for the JKIA expansion and the Kenya Electricity Transmission Company (KETRACO) deal, urging the relevant ministries to find new partners for these projects.

The Adani Group has denied the corruption allegations, calling them “baseless” and vowing to pursue all legal options.