Kenya’s president says he has cancelled multimillion-dollar airport expansion and energy deals with Indian tycoon Gautam Adani after U.S. bribery and fraud indictments against one of Asia’s richest me

It follows accusations that Adani was scheming to pay over $250 million in bribes to Indian government officials, which he denies.

The Adani group said the project did not fall within the ambit of Sebi's disclosure regulations, thereby not warranting any disclosure of its cancellation.