{"id":166140,"date":"2025-01-25T11:36:25","date_gmt":"2025-01-25T06:36:25","guid":{"rendered":"https:\/\/kmsnews.org\/kms\/?p=166140"},"modified":"2025-01-25T11:36:25","modified_gmt":"2025-01-25T06:36:25","slug":"sri-lanka-revokes-adani-power-deal-amid-us-bribery-and-fraud-investigation-report","status":"publish","type":"post","link":"https:\/\/kmsnews.org\/kms\/2025\/01\/25\/sri-lanka-revokes-adani-power-deal-amid-us-bribery-and-fraud-investigation-report.html","title":{"rendered":"Sri Lanka revokes Adani power deal amid US bribery and fraud investigation: Report"},"content":{"rendered":"

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Colombo : The Sri Lankan government has revoked a power purchase agreement with the Adani Group following a United States investigation into bribery and fraud against its chairperson, Gautam Adani- a close aide of Indian PM Narendra Modi.<\/p>\n

According to Kashmir Media Service, President Anura Kumara Dissanayake\u2019s administration had launched inquiries into Adani Group projects in Sri Lanka after Gautam Adani was indicted in November last year by a US court over corruption related to solar projects in India.<\/p>\n

French International news agency AFP cited official documents as confirming that Sri Lanka\u2019s Cabinet decided to reassess the construction of the 484-megawatt wind power plant, which is planned for the Mannar and Pooneryn regions. The project is also being challenged in the country\u2019s Supreme Court over environmental concerns.<\/p>\n

Activists have argued that smaller renewable energy providers offered electricity at nearly two-thirds the price proposed by the Adani Group.<\/p>\n

It is pertinent to mention that Gautam Adani, his nephew Sagar Adani and six others were indicted by the United States Attorney\u2019s Office for the Eastern District in New York for allegedly agreeing to pay over $265 million, or nearly Rs 2,236 crore, in bribes to Indian government officials between 2020 and 2024 to obtain contracts for Adani Green Energy.<\/p>\n","protected":false},"excerpt":{"rendered":"

Colombo : The Sri Lankan government has revoked a power purchase agreement with the Adani Group following a United States investigation into bribery and fraud against its chairperson, Gautam Adani- a close aide of Indian PM Narendra Modi. According to Kashmir Media Service, President Anura Kumara Dissanayake\u2019s administration had launched inquiries into Adani Group projects …<\/p>\n","protected":false},"author":1,"featured_media":166141,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-166140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-india"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t