DONE WITH THE ADANI DEALS
president William Ruto during the state address at the Parliamen//photo courtesy//Facebook
President William Ruto orders the cancellations of infrastructure and energy deals with Indian billionaire Gautam Adani following criminal charges in the US.During his State of the Nation address in Parliament, Ruto said that the Public Private Partnership (PPP) for the expansion of the Kenya Electricity Transmission Company Limited (KETRACO) and Jomo Kenyatta International Airport (JKIA) had been canceled in light of new information.Adani was indicted by the US Department of Justice for his involvement on a bribery scheme involving more than $250 million in payments to Indian government officials to secure solar energy contractions.
According to the US Department of Justice, Adani Green Energy Ltd. was able to raise $175 million under false pretenses by targeting US investors with the fraudulent plan. Cyril Cabanes of Azure Power Global and executives of Adani have also been charged in parallel by the Securities and Exchange Commission (SEC).
The president called on new partners capable of carrying out the KETRACO transmission contract and the JKIA expansion, describing them as significant projects that need international investors.Kenyans now appreciate Rutos decision saying that he has started giving listening ear to there problems and solving them which shows that he is able to handle other issue affecting kenyans.
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