{"id":51408,"date":"2024-11-21T16:17:09","date_gmt":"2024-11-21T16:17:09","guid":{"rendered":"https:\/\/thenftimes.com\/index.php\/2024\/11\/21\/kenya-scraps-2-6-bn-adani-deals-in-wake-of-us-indictment-n-f-times\/"},"modified":"2024-11-21T16:17:11","modified_gmt":"2024-11-21T16:17:11","slug":"kenya-scraps-2-6-bn-adani-deals-in-wake-of-us-indictment-n-f-times","status":"publish","type":"post","link":"https:\/\/thenftimes.com\/index.php\/2024\/11\/21\/kenya-scraps-2-6-bn-adani-deals-in-wake-of-us-indictment-n-f-times\/","title":{"rendered":"Kenya Scraps $2.6 Bn Adani Deals in Wake of US Indictment &#8211; N.F Times"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"intro-text\">\n<p>Kenyan President William Ruto has annulled two agreements with the Adani Group, valued at approximately $2.6 billion, citing allegations of corruption.<\/p>\n<hr\/>\n<\/div>\n<p>This move came shortly after the US authorities charged the company\u2019s billionaire founder in a distinct bribery case.<\/p>\n<p>President Ruto directed his cabinet to halt the procurement processes immediately. These processes involved Gautam Adani\u2019s firms, which were set to manage the country\u2019s largest airport and construct high-voltage power transmission lines.<\/p>\n<p>\u201cIn instances of undeniable evidence or trustworthy information regarding corruption, my stance has been clear, and I reaffirm it today: I will act decisively,\u201d Ruto declared to the legislators during a national address in Nairobi on Thursday. He noted that the decision was informed by fresh insights from investigative bodies and international partners.<\/p>\n<p>Earlier in the year, Adani Airport Holdings Ltd. had pursued a 30-year concession, valued at $1.85 billion, to manage Nairobi\u2019s primary airport. Concurrently, another subsidiary of the conglomerate had been awarded a contract worth $736 million to build and oversee power transmission infrastructure in Kenya.<\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Kenyan President William Ruto has annulled two agreements with the Adani Group, valued at approximately $2.6 billion, citing allegations of corruption. This move came shortly after the US authorities charged the company\u2019s billionaire founder in a distinct bribery case. President Ruto directed his cabinet to halt the procurement processes immediately. These processes involved Gautam [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":51409,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[],"class_list":["post-51408","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"jetpack_featured_media_url":"https:\/\/thenftimes.com\/wp-content\/uploads\/2024\/11\/screenshot.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/51408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/comments?post=51408"}],"version-history":[{"count":1,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/51408\/revisions"}],"predecessor-version":[{"id":51410,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/51408\/revisions\/51410"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media\/51409"}],"wp:attachment":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media?parent=51408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/categories?post=51408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/tags?post=51408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}