Kenya's cancellation of Adani deals preceded massive social media uproar
1 month ago

Kenya's cancellation of Adani deals preceded massive social media uproar

India Today  

There was an uproar on social media in Kenya hours after US prosecutors indicted Adani Group's boss Gautam Adani for bribery on Thursday, forcing the government to cancel multi-billion deals that had been under intense scrutiny for months. Hashtags like #StopAdani, #ArrestAdani, #StopAdaniDeal and #AdaniMustGo started trending on X in Kenya after the news about US government's charges of bribery against Adani and six others reached the East African country. Adani Energy Solutions Limited and Adani Airport Holdings Limited had signed deals worth around USD 2.5 billion with the Kenyan government for building, upgrading and expanding the nation's electricity transmission lines and capital Nairobi's Jomo Kenyatta International Airport with the condition of running it on lease for 30 years. MASSIVE SOCIAL MEDIA CAMPAIGN Between Wandayi's assertion and President William Ruto's announcement, Kenyan users flooded X with more than 20 lakh posts and AI-generated images showing Gautam Adani being detained.

Social Media Media Social Kenya Adani Stopadani  hashtags  airport  massive  preceded  cancellation  x  media  posts  deals  social  kenya  adani  kenyas  uproar

History of this topic

Why it's a rocky road ahead for Adani Group
3 weeks ago

Why it's a rocky road ahead for Adani Group

India Today  

Gautam Adani’s biographer calls him ‘destiny’s child’. However, a US court indictment which said that, starting in 2020, top honchos of Azure Power—an Indian solar power producer that was listed on the New York Stock Exchange—connived with Adani and two of his senior executives to give $265 million in bribes to government officials across five Indian states in return for …

Adani Group Denies Binding Agreements Amid Kenya Airport Deal Cancellation Reports
4 weeks, 1 day ago

Adani Group Denies Binding Agreements Amid Kenya Airport Deal Cancellation Reports

ABP News  

Adani Group on Saturday issued a clarification regarding reports that Kenya had canceled over $ 2.5 billion in deals following bribery charges against its founder Gautam Adani in the US. In its response to stock exchange inquiries, the conglomerate addressed speculation that Kenyan President William Ruto had halted a procurement process that might have awarded Adani control over Jomo Kenyatta …

Adani firm downplays Kenya scrapping $736 million power deal: No material impact
1 month ago

Adani firm downplays Kenya scrapping $736 million power deal: No material impact

India Today  

Adani Energy Solutions said on Saturday that Kenya's cancellation of a $736 million transmission line project did not require it to make any regulatory disclosure under Indian stock exchange rules as it was within its ordinary course of business. "Further, the Company hereby submits that there is no material impact of the Media Report on the operations of the Company," …

The Adani exposé: How one whistleblower exposed a multibillion-dollar deal
1 month ago

The Adani exposé: How one whistleblower exposed a multibillion-dollar deal

India Today  

Nelson Amenya, a courageous Kenyan entrepreneur and whistleblower, has emerged as a pivotal figure in exposing a secretive multibillion-dollar deal between the Kenyan government and India's Adani Group. He pointed out that the deal had significant implications beyond just the airport project, particularly concerning another initiative by Adani valued at over $1.3 billion that faced numerous financial challenges. He emphasised …

Kenya cancels airport and energy deals with Adani group after U.S. indicts the tycoon
1 month ago

Kenya cancels airport and energy deals with Adani group after U.S. indicts the tycoon

The Hindu  

Kenya’s President said on Thursday that he has cancelled multimillion-dollar airport expansion and energy deals with Indian tycoon Gautam Adani after U.S. bribery and fraud indictments against one of Asia’s richest men. The Adani group had been in the process of signing an agreement that would modernise Kenya’s main airport in the capital, Nairobi, with an additional runway and terminal …

Kenya Cancels Power Transmission Deal With Adani Group Amid US Bribery Charges
1 month ago

Kenya Cancels Power Transmission Deal With Adani Group Amid US Bribery Charges

ABP News  

The Kenyan government has announced the cancellation of a multi-million dollar deal with Adani Group following allegations of bribery and fraud leveled against the conglomerate by US authorities, as reported by news agency Reuters. US prosecutors recently indicted Adani executives, including founder Gautam Adani, on charges of orchestrating a $265 million bribery scheme. On Thursday, all Adani Group stocks, including …

Kenya cancels more than $2.5bn in deals with Adani after US indictment
1 month ago

Kenya cancels more than $2.5bn in deals with Adani after US indictment

Al Jazeera  

The deals had been sharply criticised over lack of transparency and value for money. Ruto also said he was cancelling a separate 30-year, $736m public-private partnership that an Adani Group firm signed with the Ministry of Energy and Petroleum last month to construct power transmission lines. US authorities said in the indictment on Wednesday that group founder Gautam Adani, one …

Adani group's legal turmoil: A cautionary tale for global investors
1 month ago

Adani group's legal turmoil: A cautionary tale for global investors

India Today  

The Adani Group, a conglomerate at the forefront of India’s infrastructure and energy sectors, is currently engulfed in a significant legal and financial controversy that has reverberated across global markets. This legal setback has not only tarnished Adani's reputation but has also triggered a substantial decline in the stock prices of several key companies within the group. For instance, Adani …

Gautam Adani charged in US: Allegations, rebuttals, and stock market wipeout
1 month ago

Gautam Adani charged in US: Allegations, rebuttals, and stock market wipeout

India Today  

The Adani Group, one of nation’s largest conglomerates, is facing serious allegations of corruption as US prosecutors accused Gautam Adani and others of orchestrating a USD 265 million bribery scheme to secure state energy contracts. An Andhra Pradesh government official has been named as "Foreign Official #1" i n US court filing in Adani bribery case. Investors in Adani Group’s …

Kenya cancels $730 million proposed deals with Adani Group after US indictment
1 month ago

Kenya cancels $730 million proposed deals with Adani Group after US indictment

India Today  

Kenyan President William Ruto said on Thursday he had ordered the cancellation of a procurement process expected to hand control of the country's main airport to Adani Group following the indictment of the company's founder Gautam Adani in the United States. Ruto said he had also directed the cancellation of a 30-year, $736-million public-private partnership deal the energy ministry had …

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