NAIROBI, Kenya Nov 21-President William Ruto has directed the cancellation of the Privately Initiated Partnership for the expansion of the Jomo Kenyatta International Airport and the KETRACO deal by Adani Airport Limited citing the controversies surrounding the deal.
During the State of the Nation Address,the President stated that in the face of undisputed evidence or credible information on corruption, he will not hesitate to take deciding action accordingly.
Here below is the President’s Statement:
“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.
Accordingly, I now direct – in furtherance of the principles enshrined in Article 10 of the Constitution on transparency and accountability, and based on new information provided by our investigative agencies and partner nations – that the procuring agencies within the Ministry of Transport and the Ministry of Energy and Petroleum immediately cancel the ongoing procurement process for the JKIA Expansion Public Private Partnership transaction, as well as the recently concluded KETRACO transmission line Public Private Partnership contract, and immediately commence the process of onboarding alternative partners.
This development is after Indian billionaire Gautam Adani was charged with fraud in the US where he is accused of orchestrating $250m (£198m) bribery scheme and concealing it to raise money in the US.
In the indictment, prosecutors alleged Gautam Adani and other senior executives had agreed to pay Indian officials to win contracts for his renewable energy company expected to yield more than $2bn in profits over 20 years.
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