The Law Society of Kenya has made a renewed request to President William Ruto shortly after he annulled two agreements with the Adani Group, valued at Ksh338 billion.
The Society is now insisting that President Ruto disclose all expenses and losses associated with the negotiations of these terminated agreements.
In an official statement, the President of the Society, Faith Odhiambo, expressed support for President Ruto’s decision to cancel the deals in response to public outcry.
Nevertheless, the Society is urging the government to clarify any public funds that were utilized in the pursuit of these agreements.
Odhiambo further urged the president to publicly disclose the costs involved to promote accountability and transparency.
This demand follows President Ruto’s cancellation of the two agreements with the Indian conglomerate, which occurred shortly after the company’s directors and CEO faced fraud charges in the United States.
The president revoked the proposed takeover of the Jomo Kenyatta International Airport by the Adani Group, which was set to involve a Ksh238 billion investment for the airport’s renovation and management for a period of 30 years.
Additionally, Adani Energy Solutions, a subsidiary registered in Kenya, had entered into another agreement worth Ksh95 billion with KETRACO to construct electricity transmission lines, with a similar 30-year management commitment.
During his State of the Nation Address, Ruto announced the cancellation of these agreements, stating that he had listened to the concerns of the Kenyan populace and responded to their requests.
Following the annulment, there are growing concerns regarding the potential repercussions for Kenya if Adani seeks compensation for damages, lost returns, and investment expenditures.
