TotalEnergies Pauses Investments in India’s Adani Group After Bribery Charges
French oil major TotalEnergies (TTEF.PA), opens new tab halted on Monday investments into Adani Group, after the Indian ports-to-power conglomerate was engulfed in a crisis over an alleged multi-million-dollar bribery scheme.
The move is the first major fallout from U.S. authorities’ decision to charge Adani’s billionaire chairman Gautam Adani and seven other people with agreeing to pay around $265 million in bribes to Indian government officials.
Photo courtesy of Alpha Photo.
Source: Reuters (link opens in a new window)
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