Swiss freeze Sh40bn linked to Adani as fraud claims resurface

Chairman of the Adani Group, Gautam Adani.

Photo credit: File | Nation Media Group

Swiss authorities have frozen more than $310 million (Sh39.98 billion) across multiple bank accounts allegedly linked to Adani, the Indian conglomerate bidding to take over operations of Jomo Kenyatta International Airport (JKIA), as fraud claims against the company resurface.

Adani Airport Holdings’ privately initiated proposal to run Kenya’s largest airport—and develop luxury resorts adjacent to JKIA—has come under intense scrutiny since details were made public earlier this year.

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