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Ruto Cancels Adani Group Deals Following US Fraud Indictment

William Ruto, President of Kenya. © OPA Images Limited / Alamy Stock Photo
  • President halts $1.85 billion airport expansion and $736.51 million power line project
  • Decision follows public backlash and legal scrutiny of controversial investment plans

Nairobi, Kenya – President William Ruto has canceled two major investment deals with India’s Adani Group, citing corruption allegations against its chair, Gautam Adani, who was indicted in the United States Federal Court on bribery and fraud charges. The announcement, made during Ruto’s State of the Nation address in parliament, marks the second time this year the president has scrapped high-profile agreements under public and political pressure.

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