Monday
November 25
2024

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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Energy
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governance, regulations, solar