Adani Group News: America’s financial company DFC will no longer take loan from Adani Group to build a port in Sri Lanka. The company has decided to build this port on its own. Adani Ports and Special Economic Zone Limited said that the company will now raise the necessary finance for the port construction project in Sri Lanka from itself and under the capital management plan. The company said that we have withdrawn the request to provide funds from DFC.
Adani Group will not take loan from America
Giving information about this decision in Adani Ports and SEZ in two regulatory filings filed with the stock exchanges late on Tuesday night, it was said that the work on the West International Terminal project in Colombo, the capital of Sri Lanka, is going on at a fast pace and This terminal will start functioning from the beginning of next year. The company said, now the company will raise the necessary finance for this project from itself and under the capital management plan. Adani Ports and SEZ said, we have withdrawn the request for funding from America’s DFC.
Why did Adani Group take this decision?
In the New York court in America, Gautam Adani and seven people associated with the group have been accused of bribery and fraud worth $ 265 million (about Rs 2250 crore). The seven people, including Gautam Adani, are accused of offering a bribe of more than $265 million to officials to get the $2 billion solar power plants project. However, Adani Group has vehemently rejected the allegations of bribery and fraud leveled by the US Justice Department and the US Securities and Exchange Commission against its Chairman Gautam Adani and the directors of Adani Green. Due to these allegations, the group has had to face political attack in India.
553 million dollars were to be received from America’s agency
To reduce the influence of China, in the year 2023, America had decided to provide funds for the Colombo West International Terminal project being built by Adani Group in Colombo. America’s International Development Finance Corporation had promised to provide finance of 553 million dollars for the port being built in Colombo so that the growing influence of China in this region can be reduced.
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