TotalEnergies Halts New Investments Amid Adani Bribery Allegations

CosmicTaco · 2024-11-25T18:20:48.626232+05:30

- TotalEnergies pauses new financial contributions to Adani Group ventures following U.S. indictment of Adani executives over alleged corruption. - The French energy giant emphasizes its strict anti-corruption stance and compliance with international laws. - Adani Group denies allegations, maintains liquidity with significant cash reserves despite ongoing scrutiny. Source: [The Economic Times](http://economictimes.indiatimes.com/industry/energy/oil-gas/french-energy-giant-total-says-no-new-investment-in-adani-till-bribe-charges-cleared/articleshow/115659234.cms), [Business News India](https://www.businesstoday.in/markets/stocks/story/adani-green-energy-shares-dive-11-as-totalenergies-halts-fresh-financial-contribution-454976-2024-11-25), [Business News India](https://www.businesstoday.in/latest/corporate/story/will-take-all-relevant-actions-totalenergies-pauses-fresh-investments-in-adani-firms-amid-us-bribery-allegations-454975-2024-11-25)

TotalEnergies pauses new financial contributions to Adani Group ventures following U.S. indictment of Adani executives over alleged corruption.
The French energy giant emphasizes its strict anti-corruption stance and compliance with international laws.
Adani Group denies allegations, maintains liquidity with significant cash reserves despite ongoing scrutiny.

Source: The Economic Times, Business News India, Business News India