As Safaricom’s board chair fields questions over a data surveillance scandal that has drawn international condemnation, his parallel career as managing partner of the law firm representing the Adani Group and as President Ruto’s self-described ‘Mr Fix It’ raises a governance question Kenya’s capital markets regulators have so far declined to ask: whose interests does Adil Khawaja actually serve when he sits at the head of Safaricom’s table?
Explosive internal banking documents obtained by international investigators blow open a $3 billion shadow investment empire, exposing how two men with deep ties to India’s most powerful business dynasty secretly propped up Adani Group stocks for over a decade while regulators looked the other way.
President Ruto ordered the hasty cancellation after Adani Group founder Gautam Adani and his nephew Sagar were indicted by United States authorities on bribery and fraud charges.
Amenya claims that the Kenyan government is negotiating to transfer control of JKIA, East Africa’s largest aviation hub, to a Dubai-based firm with possible connections to the Adani Group.
Kenyan business student Nelson Amenya has been hailed as a hero by those campaigning for greater transparency in the deals his government makes with private firms. Recent Kenyan history is littered with stories of huge contracts that have resulted from corruption – and despite laws that are supposed to prevent this from happening, there are […]
(Reuters) – French oil major TotalEnergies halted on Monday investments into Adani Group, after the Indian ports-to-power conglomerate was engulfed in a crisis over an alleged multi-million-dollar bribery scheme. The move is the first major fallout from U.S. authorities’ decision to charge Adani’s billionaire chairman Gautam Adani and seven other people with agreeing to pay […]
Sources confirmed that Kenya was facing intense pressure from development partners over the leasing out of JKIA, the official gateway to the region, to an Indian firm facing integrity concerns, especially in the wake of geopolitical upheaval, including the Russia-Ukraine and Israeli-Palestinian wars.
Amid these allegations, Adani Green Energy also informed stock exchanges that its subsidiaries have decided to defer their planned US dollar-denominated bond offerings.
According to court records, a judge has issued arrest warrants for Gautam Adani and Sagar Adani, and prosecutors plan to hand those warrants to foreign law enforcement.
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