Источник The Hindu Business Line.com, Chennai, India
Заголовок Adani’s Kenya dealings spark protests, lawsuits and hearings
Дата 20240928

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Adani’s Kenya dealings spark protests, lawsuits and hearings

Adani’s Kenya dealings spark protests, lawsuits and hearings

Updated - September 28, 2024 at 03:40 PM.

What has most angered Kenyans is the veil of mystery shrouding Adani’s airport
deal

By Bloomberg

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Gautam Adani

Billionaire Gautam Adani ’s proposal to run Kenya ’s main airport has sparked
protests, Senate hearings and lawsuits against the group controlled by Asia’s
second-richest man, even as it bags a deal to construct high-voltage power
transmission lines in the East African nation.

A court has already frozen Adani’s unsolicited bid to expand Jomo Kenyatta
International Airport, while strikes at the facility and criticism from
opposition lawmakers has forced the government to defend the opaque
circumstances surrounding the deal. It comes amid allegations that Adani’s
$203 billion empire is under a Swiss probe for money laundering, which the
group denies.

“From the very beginning, there has been a general pattern by the government
to hide from the public what is contained in the Adani deal,” Governor Anyang
Nyong’o, leader of the opposition Orange Democratic Movement, wrote in Kenya’s
The Star newspaper this week. “Past similar projects that circumvented
transparent dealings and formal institutional mechanisms litter our history as
major scandals.”

Also read: Adani’s Kenya power line deals still under discussion, Ketraco
confirms

Adani is perceived as a close ally of Indian Prime Minister• Индия » Политика Индии » Политики Индии » Премьер-министр Индии

• Индия » Государственный строй Индии » Премьер-министр Индии

• Государство » Государственный строй Индии » Премьер-министр Индии

• Политика » Политика Индии » Политики Индии » Премьер-министр Индии
Narendra Modi• Объект человек » Персоналии по алфавиту » Персоналии на Мо » Моди, Нарендра
whose activities are seen as part of India’s efforts to counter the reach of
its rival China in resource-rich Africa• Физико-географические регионы » Африка. The Kenyan government last week
submitted a written explanation to lawmakers as to why the proposal was above
board. The Adani Group didn’t respond to request for comment.

Lawsuits and hearings

As news of the Adani deal spread in early Septemberfed by documents
released by a whistleblower on X — striking airport workers fearing for their
jobs ground the facility to a halt, stranding passengers. Days earlier, a
Kenyan high court temporarily froze the project, which would grant Adani
Airports Holding Ltd. a concession to run it for 30 years, after the
constitutionality of the lease was challenged.

The case, brought by the Kenya Human Rights• Государство » Законы и право » Права человека Commission and Law Society of
Kenya, argued the proposed development would require investment of $1.85
billion, which Kenya could raise itself without having to bow to Adani’s
terms.

What has most angered Kenyans — simmering over frequent scandals about state
corruption• Борьба с коррупцией that have sparked street protests and deadly responses from the
security forces — is the veil of mystery shrouding the deal.

Despite a Senate summons to present a copy of Adani’s plan for the airport,
Transport Secretary Davis Chirchir turned up at a meeting with lawmakers
without the document on September 12, local media reported. He said the
government was carrying out its due diligence after receiving the proposal at
the start of March.

The minister denied knowledge of other parties keen on Kenyan airports. But
Corporacion America Airports SA, one of the world’s largest airport operators,
said it expressed interest mid-June but hasn’t heard back from authorities.

Even as Senators decried the airport deal, a presidential adviser announced
that the Kenya Electricity Transmission Co. recently awarded Adani Group and a
unit of the African Development Bank a $1.3 billion public-private partnership
concession to construct high-voltage power lines.

Also read: Adani Total Gas shares jump over 8% on $375 million funding to
expand city gas network

Terms of the airport proposal include Adani taking an 18% equity stake in JKIA
and winning an undertaking that no competing airport will be built for 30
years, according to the court documents arguing against the deal, which
included details of the leaked Adani offer.

Adani would also be allocated land to build hotels and businesses to
compliment the airport, as well as being granted favorable tax treatment from
the Kenyan government, according to the documents.

Adani, in its reply to the court case, said the application contained numerous
claims and allegations that were untrue or unsubstantiated, without providing
specific details.

Kenyans opposing the deal argue the investment amount of $1.85 billion cited
in the court application is too meager, and the concessions too deep, at a
time when neighboring nations are plowing billions of dollars into new
projects as they jostle to dominate the lucrative market for regional
transport.

It’s a terrible deal,” said Macharia Munene, a professor of history and
international relations at the United States International University in
Nairobi, pointing at the lack of transparency on the agreement’s terms. “They
just signed and surrendered Kenya’s sovereignty.”

Ethiopia , which already boasts Africa• Физико-географические регионы » Африка’s biggest airline, is designing what
will become the continent• Объект организация » Организации по алфавиту » Организации на Ко » Континент (авиакомпания)’s largest airportfor $5 billion. Aided by Qatar ,
Rwanda is also constructing a new airport for an estimated $2 billion.

Many critics have pointed to the scandals surrounding the Adani Group’s
dealings in other countries, particularly in India.

At home, Adani is under a court-mandated probe after Hindenburg Research
raised questions over its accounting and audits. The short seller now also
says the empire is in Swiss investigators’ cross-hairs over money laundering,
claims the group has said are “baseless.”

Also read: Swiss authorities freeze $310 million allegedly linked to front man
of Adani group; Adani Group rejects allegations

In the US , Adani is also facing scrutiny into whether the company may have
engaged in bribery, people with direct knowledge of the matter told Bloomberg
earlier this year.

Adani Group said at the time that it was not aware of any investigation
against its chairman, and that it was subject to and fully compliant with
anti-corruption• Борьба с коррупцией and anti-bribery laws in India and other countries.

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Published on September 28, 2024

============= Итог: 2,8875 ; Государство#Государственный строй Индии#Премьер-министр Индии #Моди, Нарендра 1,4375 ; Государство#Законы и право#Права человека 2,0000 ; Борьба с коррупцией 1,3125 ; Коммуникации#Интернет-коммуникации#Электронная почта 2,9188 ; Индия#Политика Индии#Политики Индии#Премьер-министр Индии#Моди, Нарендра 2,7000 ; Физико-географические регионы#Африка

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