President William Ruto has cancelled partnership discussion with Adani Group Holdings.
Speaking on Thursday, November 21, during his State of the Nation address, the president ordered the cancellation of all the ongoing transactions with the Indian international company, Adani Group.
He further directed Transport Cabinet Secretary Davis Chirchir and his Energy counterpart Opiyo Wandayi to immediately end the procurement process.
The Head of State revealed that his directive was influenced by the provision of undisputed evidence or credible information on corruption.
"I have stated in the past, and I reiterate today, that in the face of undisputed evidence or credible information on corruption, I will not hesitate to take decisive action."
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President Ruto's announcement on the Kenya Adani deal came just less than a day after the Indian Group faced indictment in an ongoing case at the United States of America Federal Court over a Ksh32 billion corruption allegations.
Gautam Adani, the billionaire head of the Adani Group in India and one of the richest individuals globally, has been charged in New York for his involvement in an alleged bribery and fraud scheme worth billions, according to U.S. prosecutors on Wednesday.
Authorities claim that Adani and seven others, including his nephew Sagar Adani, agreed to pay around $265 million in bribes to Indian officials to secure contracts that could generate $2 billion in profits over 20 years, including the development of India’s largest solar power project.
Prosecutors also stated that the Adanis and Vneet Jaain, a former CEO at Adani Green Energy, raised over $3 billion in loans and bonds while concealing their corrupt activities from lenders and investors. The indictment revealed that some conspirators referred to Gautam Adani using code names like “Numero uno” and “the big man,” while Sagar Adani allegedly tracked details about the bribes using his cellphone.
The president's remarks have contravened Energy CS Opiyo Wandayi who earlier maintained that the Kenya-Adani would still continue amid the ongoing allegations.
