US Court Order Against Adani Group: Kenya Cancels Key Contract - Details

Kenyan President William Ruto, on Thursday, reportedly said that he has ordered the cancellation of the process for awarding the contract for construction of the country's main airport to Adani Group. The move came after a US court, on Thursday, indicted the Adani Group in an alleged case of 'fraud and bribery'.

"I have directed agencies within the Ministry of Transport and within the Ministry of Energy and Petroleum to immediately cancel the ongoing procurement," Ruto said, Reuters quoted.

Had the deal progressed, the Adani Group was slated to add a second runway at the Jomo Kenyatta International Airport. Adani Group has not responded to the development yet.

In response to the allegations levelled by the US court on Thursday morning, the Adani Group said that the allegations levelled by the US court were 'baseless'.

Adani Group: Full statement

The allegations made by the US Department of Justice and the US Securities and Exchange Commission against the directors of Adani Green are baseless and denied.

As stated by the US Department of Justice itself, "the charges in the indictment are allegations and the defendants are presumed innocent unless and until proven guilty." All possible legal recourse will be sought.

The Adani Group has always upheld and is steadfastly committed to maintaining the highest standards of governance, transparency and regulatory compliance across all jurisdictions of its operations. We assure our stakeholders, partners and employees that we are a law-abiding organisation, fully compliant with all laws.