Few days ago, the United States Department of Justice (DOJ) issued an indictment against executives of the Adani Group for orchestrating a massive bribery scheme to secure solar energy contracts worth billions of dollars in India.
The indictment specifically states that, between July 2021 and February 2022, the Adanis and their associates promised bribes to Indian government officials to secure agreements with state-run electricity distribution companies, which in turn entered into power supply agreements with the Solar Energy Corporation of India (SECI). The contracts were expected to generate profits of approximately US$2 billion over the next two decades, according to the petition.
However, a year ago in November 2023, Adani (like Milele Energy in Sierra Leone) received US$553 million debt financing from the United States International Development Finance Corporation (DFC) to fund the Colombo Port Terminal in Sri Lanka, a project in which the Adani Group held 51% ownership.
In Sierra Leone, Milele Energy similarly received over US$400 million in DFC debt financing for a corruptly awarded energy project in Freetown. The contract relating to the Western Area Power Generation Project was never advertised or put on a public tender, and was secretly awarded to Milele Energy executives by Julius Maada Bio following deal arrangements and negotiations brokered in Lebanon, Nairobi, Dubai, and Freetown between 2021 and 2023.
In this episode, we ask what are the implications of the Adani Group indictment for Milele Energy's corrupt acquisition of Sierra Leone's Western Area Power Generation Project? Also, what is the relationship between the Adani Group corruption case and our ongoing efforts to scrutinize corrupt acquisition of critical infrastructure and service related contracts by US financed corporations in Sierra Leone, including Milele Energy and the Summa Group?
Thus, we point out the need to investigate DFC's operation in Sierra Leone from 2021 to present.
This episode is part of the Voice from Exile series of the Africanist Press.
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