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Home > All news > Business, Logistics, Port > Tanzania to keep agreement with Adani Group for Container Terminal despite US indictment

Tanzania to keep agreement with Adani Group for Container Terminal despite US indictment

November 28, 2024
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Adani

DAR-ES-SALAAM : Tanzania plans to honour its contracts with an Adani Group unit despite a US indictment of its billionaire Chairman Gautam Adani on accusations of bribery and fraud, a senior official at the ports authority said.

Adani was indicted for fraud last week and arrest warrants were issued for him and his nephew for their alleged roles in a $265 million scheme to bribe Indian officials to secure power-supply deals. Adani Group has denied the accusations.

In May, Tanzania entered into a 30-year . . .

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