Gautam Adani,Indian billionaire Gautam Adani Stories

Whistleblower in JKIA-Adani deal named one of the most influential Africans
Erick Kariuki  |  Dec 28, 2024

In July, Amenya leaked details on social media of an arrangement between Kenya and the Adani Group, an Indian conglomerate. This ignited an outrage th...

US case against Gautam Adani appears strong but extradition unlikely, experts say
Reuters  |  Dec 16, 2024

The US Justice Department declined to comment on whether the United States had asked India to extradite Gautam Adani.

Treasury targets Sh2.5 trillion in pension, insurance savings for infrastructure projects
Maureen Kinyanjui  |  Dec 12, 2024

This initiative follows the collapse of high-profile PPP deals involving Indian billionaire Gautam Adani in Kenya's road and energy sectors, amid alle...

Adani Group CFO says bribery case accused to clarify matters in next 10 days
Reuters  |  Nov 29, 2024

The ports-to-power conglomerate has previously denied the charges as "baseless" and vowed to seek "all possible legal recourse".

Mbadi: JKIA-Adani deal legally terminated with no financial impact
Lucy Mumbi  |  Nov 28, 2024

The Adani Group deal, which included the renovation and management of JKIA at a cost of Sh238 billion, was terminated a week after international corru...

Adani bribery allegations shine spotlight on India's clean energy puzzle
Reuters  |  Nov 28, 2024

India's states are unprepared for the rapid rise in renewable generating capacity, lack adequate transmission infrastructure and storage and would rat...

Government ordered to produce proof of Adani-JKIA deal cancellation
Lucy Mumbi  |  Nov 27, 2024

Adani’s legal team clarified that discussions with the government were still at a preliminary stage and no binding contract had been signed.

TotalEnergies pauses business with Adani, says it was not aware of US investigation
Reuters  |  Nov 25, 2024

The French firm purchased its stake in Adani Green Energy in January 2021 - after the Indian company won what was then the world's largest solar order...

Adani deals expose how lawmakers lack coherence, bow to presidential will - MP
Lucy Mumbi  |  Nov 25, 2024

MP Mbui pointed out that MPs have failed to maintain independent positions, undermining the electorate’s trust.

Adani Energy Solutions downplays Kenya project cancellation, cites no 'material impact'
Reuters  |  Nov 24, 2024

Adani Energy Solutions said in its statement on Saturday that it was not involved in the deal to manage and upgrade Kenya's Jomo Kenyatta airport.

US SEC issues summons for Gautam Adani, nephew on bribery claims
Reuters  |  Nov 24, 2024

Federal prosecutors issued arrest warrants for Gautam and Sagar Adani, alleging they participated in a $265 million scheme to bribe Indian officials t...

Pressure mounts on Ruto to terminate Adani-linked healthcare project
Maureen Kinyanjui  |  Nov 23, 2024

Wamalwa criticised both President Ruto and ODM leader Raila Odinga for supporting the Adani Group despite its questionable global reputation.

How Indian billionaire Adani's alleged bribery scheme took off and unravelled
Reuters  |  Nov 22, 2024

The account of how the alleged scheme unfolded is drawn from federal prosecutors' 54-page criminal indictment of Adani and seven of his associates.

Mbadi: Adani deals still in early stages, can be cancelled anytime
Lucy Mumbi  |  Nov 21, 2024

Mbadi also emphasised that the government was still conducting due diligence on Adani's proposals and had not yet begun formal negotiations.

Ruto cancels JKIA, KETRACO deals with Adani Group after bribery scandal
Maureen Kinyanjui  |  Nov 21, 2024

Ruto said the decision was due to "new information provided by partner nations" after the Indian billionaire was indicted for fraud in New York.

Key events in Gautam Adani's US indictment over alleged bribery scheme
Reuters  |  Nov 21, 2024

Apart from the bribery scheme, US authorities have also alleged Gautam raised over $3.5 billion between 2021-24 from global financial institutions bas...

India's opposition leader demands Adani's arrest after bribery scheme exposed
Mary Wambui  |  Nov 21, 2024

Gandhi spoke hours after news emerged that Adani had paid $265 million (Sh34 billion) to Indian officials to obtain power supply contracts.

Adani Group's value drops by Sh3.6 trillion after billionaire's US indictment
Reuters  |  Nov 21, 2024

Gautam Adani's flagship company Adani Enterprises tumbled 23 per cent, while other comapnies fell between 20 per cent and 90 per cent.

India's Adani Group billionaire Gautam Adani charged in US with bribery
Reuters  |  Nov 21, 2024

Authorities said Adani and seven other defendants agreed to pay about $265 million in bribes to Indian government officials for contracts.

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