Sri Lanka Engages with Adani Amid Controversies

Sri Lanka continues to welcome investment from Adani Group despite allegations against its executives. The country focuses on negotiating power costs for the group's wind projects after Adani withdrew from some ventures. The Adani Group has denied all allegations of wrongdoing.

Sri Lanka remains open to investment opportunities from India's Adani Group, according to the nation's cabinet spokesperson. This comes amid allegations involving Adani executives, who are accused by U.S. prosecutors of engaging in a $265 million bribery scheme to secure solar power contracts in India.

Despite the allegations, both Gautam Adani, chairman of the group, and other executives have vehemently denied any misconduct. Sri Lankan authorities, on the other hand, clarified that they remain 'unconcerned' with the group's dealings in other jurisdictions.

The island nation is steadfast on renegotiating power purchase agreements for proposed wind power projects from which Adani had withdrawn, signaling a strategic emphasis on securing favorable energy costs.

(With inputs from agencies.)