Shock received from Kenya is not the first, Adani's problems will increase further, impact of American report is visible

New Delhi: Kenyan President William Ruto, while addressing the nation, has announced the cancellation of all proposed agreements with Indian company Adani Group. These agreements included big projects like power transmission and airport expansion. The Kenyan government has canceled a proposed $700 million power transmission deal with Adani Group. This deal was to create infrastructure for electricity transmission in the country.

Apart from this, Adani Group's $1.8 billion proposal, which was for the expansion of an international airport, has also been canceled. Kenyan President Ruto said that his government has canceled two major agreements proposed with Indian company Adani Group. This decision has been taken after the allegations of bribery against Adani Group in America. President Ruto said he has given instructions to cancel the process of handing over control of Kenya's main international airport to Adani Group.

Big deal with Adani canceled

Apart from this, the 30-year public-private partnership deal signed by the Energy Ministry with Adani Group last month has also been cancelled. The deal was to build a power transmission line in Kenya. Are bribery allegations the reason? Adani Group has recently been accused of serious bribery in America. After these allegations, the Kenya government has taken this step. President Ruto said his government works on the principles of complete transparency and honesty and will not approve agreements that are against the country's image and interests.

What did President Ruto say?

In his speech, President Ruto said, we will not accept any contract that goes against the policies and values ​​of our country. It will be interesting to see what impact this decision of the Kenyan government will have on the country's development plans. Now all eyes are on Adani Group's response and the next step of the Kenyan government. In his address, President Ruto said, I have directed the agencies of the Ministry of Transport and the Ministry of Energy to immediately cancel the process of these projects. This decision has been taken on the basis of new information and inputs given by the investigating agencies.

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According to US officials, Gautam Adani and seven others are accused of paying bribes worth $265 million (about Rs 2,200 crore) to Indian government officials. However, Adani Group has rejected these allegations and said that it will resort to legal options. Earlier, Kenya's Energy Minister Opio Wandayi had said that there was no bribery or corruption in the transmission line project. This move of Kenya is being considered as a big blow for Adani Group.