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November 26, 2024
1y ago

TotalEnergies suspends investments into Adani Group after bribery charges

TotalEnergies suspends investments into Adani Group after bribery charges

The Indian tycoon was mid-November indicted for fraud by U.S. prosecutors...

✨ Key Highlights

TotalEnergies has suspended its investments in the Adani Group following bribery allegations against billionaire Gautam Adani.

  • 19.75 percent stake in Adani Green Energy Limited at risk due to corruption claims.
  • Investigation initiated by the U.S. Department of Justice regarding a $265 million bribery scheme.
  • President William Ruto ordered the cancellation of Adani Group deals in Kenya due to evidence of corruption.

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