Adani Controversy: The US Securities and Exchange Commission of the US Justice Department has accused Adani of giving bribe, this news is in the news for the second day. Now another news has come for Adani Group which is negative for the group. The government of Kenya has ordered the cancellation of the contract of the country’s main airport with the Adani Group. Apart from this, a proposed deal worth 736 million dollars has also been cancelled.
Kenyan President William Ruto announces cancellation of deal with Adani Group
Kenyan President William Ruto said today that he has ordered the cancellation of the procurement process under which control of the country’s main airport was to be given to Adani Group. This has been done due to the prosecutions and allegations against the company’s founder Gautam Adani in America. Apart from this, William Ruto also said that he has issued instructions to cancel another deal with Adani Group. Under this, a 30-year public-private partnership deal worth $736 million is being canceled which was signed last month with a unit of Adani Group. Under this deal, Adani Group company was to do the work of laying power transmission line in Kenya.
William Ruto said, “I have issued orders to stop the ongoing procurement process of Adani Group with the Ministry of Transport and the Ministry of Energy and Petroleum with immediate effect. This is after information and information received from allied countries and investigative agencies. The decision has been taken.
What is the matter-what is the explanation of Adani Group?
The US investigating agency has said that Gautam Adani, one of the richest people in the world, and seven other accused are accused of paying bribes worth $265 million to government officials in India. At the same time, Adani Group termed all the allegations as baseless and said that it will use all legal resources.
A flurry of allegations against Gautam Adani and Adani Group
There was a series of allegations against Adani Group and its owner Gautam Adani in the country. Former President of the country’s main opposition party Congress and Leader of Opposition (LoP) in Parliament, Rahul Gandhi fiercely targeted Gautam Adani and the ruling BJP along with him. There were fierce statements and press conferences on corruption allegations in the country and this issue remained a hot-favorite topic.
read this also
Adani Group Stocks: Stocks of Adani Group companies opened with a decline even today, Adani Green Energy Limited opened down by 10 percent.
