Govt. taking Adani allegations seriously; No decision yet on projects: Minister

26 November 2024 11:41 am Views - {{hitsCtrl.values.hits}} 5 Bookmark

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Colombo, Nov 26 (Daily Mirror) - In the wake of bribery allegations against Indian billionaire Gautam Adani in the US, Cabinet Spokesman and Minister Nalinda Jayathissa said that the Sri Lankan government was taking the matter seriously.

He said that the government was reviewing Adani's ongoing projects in Sri Lanka.

However, Minister Jayathissa said that no decision had been made regarding Adani's projects in the Sri Lanka cabinet meeting, and the government was currently assessing the situation.

He said reports have been requested from the relevant ministries for further evaluation.

Last week, the US Securities and Exchange Commission issued a summons to Indian billionaire Gautam Adani amid bribery allegations tied to a federal indictment against him.

The SEC's legal action claims Adani and his nephew, Sagar, engaged in a scheme involving over $250 million in bribes to secure contracts for an Adani company while falsely asserting compliance with anti-bribery laws.

The indictment follows a series of fraud allegations against Adani, who is one of the wealthiest individuals in India.

In Sri Lanka Adani Green Energy is investing $442 million in a wind power project in Mannar and Pooneryn in northern Sri Lanka, which is one of two major projects by the Adani Group in the country.

The other significant investment is the Adani Ports-led container terminal project in Colombo. In November 2023, the US International Development Finance Corporation (DFC) announced a $553-million investment in the Colombo project, a $700-million joint venture between Adani Ports, the Sri Lanka Ports Authority (SLPA), and Sri Lankan conglomerate John Keells Holdings.

Following the bribery charges filed in the US, the media reported that the US International Development Finance Corporation is conducting due diligence on the port terminal project by the Adani Group.

Comments - 5

Iwazaru Tuesday, 26 November 2024 12:57 PM

I am sure this cabinet has to knowledge on these projects and will take the correct decision unlike the semaphore signal posts that was there in the last cabinet.

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Man Wednesday, 27 November 2024 06:59 AM

They promised to cancel all unsolicited contracts including Trincomalee oil tanks agreement and Adhani projects. In addition, to amend the IMF agreement and remove taxes particularly on essential items. Reduce the fuel prices after removing commissions and the diesel price to Rs. 150/=. Blast the rice mafia. All was to be done in a short time with the executive powers. But, nothing has been done and 7 M people still starve as Ranil's time and no difference to Ranil's time. The Ranil advanced repayment process which was to be started from 2028, not changed though the IMF wanted to start from 2033. As they failed, they have started to threaten the media like the Rajapaksha era. According to Dr. Athukorala, releasing new money for government needs is the same as money printing. Talks only. No Action. Just compare the 100 day programme of the good governance, for being aware, what and how talks can be fulfilled.

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dinesh Wednesday, 27 November 2024 01:37 AM

we expect the government to look into the absurd rate per unit of electricity from the wind farms...what percentage is going to former politicians we wonder...as it seems the tax payers are financing the daylight robbery of Adani wind power...

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A Supporter of Adani Group Wednesday, 27 November 2024 05:39 AM

NPP Government would say it is aware of Adani allegations but at the end of the day, NPP Government too would accept Adani Group as Governments in other countries have done because Governments cannot say NO to Indian Government.

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Sambo Wednesday, 27 November 2024 07:48 AM

That is very good . All his projects have ben received based on kick backs. thank God RW is no more if not he would have sold everything that catches his eyes.

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