TotalEnergies pauses investments in India's Adani Group after bribery charges


  • World
  • Monday, 25 Nov 2024

Supporters of India's main opposition Congress party hold placards and shout slogans during a protest against Indian billionaire Gautam Adani, after he was indicted in New York over his role in an alleged multibillion-dollar bribery and fraud scheme, in New Delhi, India, November 25, 2024. REUTERS/Anushree Fadnavis

NEW DELHI/PARIS (Reuters) - French oil major TotalEnergies 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.

Uh-oh! Daily quota reached.


Experience an ad-free unlimited reading on both web and app.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Trump aide Waltz says U.S. needs Ukrainian leader who wants peace
Turkey's Kurds say PKK militants heeding jailed leader's peace call is the right move
Israeli colonists storm Al-Aqsa Mosque on second day of Ramadan
Austrian liberals' vote removes last obstacle to coalition government
Ukraine condemns IAEA nuclear plant visit via Russian-occupied territory
Exclusive-Germany weighs special funds for defence and infrastructure, sources say
Russia praises Trump and scolds Europe for being the crucible of war
Cargo plane makes emergency landing at New Jersey airport after bird strike, engine fire
NGO's newspaper ad asks Americans for donations after Trump's drastic aid cuts
Oscars take the stage on Sunday with best picture up for grabs

Others Also Read