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.

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