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Adani Group, TotalEnergies
TotalEnergies Pauses Business With Adani, Says It Was Not Aware of US Investigation
PARIS (Reuters) - French oil major TotalEnergies SE was not informed of a U.S. investigation into possible bribery and corruption at Adani Green Energy Limited, it said on Monday, adding it will stop financial contributions to its Adani Group investments following last week's indictment.
Adani Bribery Fallout: Cancellations and Dropped Investments
Internationally, the crisis has led to significant setbacks for Adani’s global operations. Kenyan President William Ruto recently canceled a procurement process that was set to award control of Kenya’s main airport to Adani, while a committee in Bangladesh has called for a thorough legal review of Adani’s power generation contracts in the country.
Gautam Adani's group REACTS to TotalEnergies' decision pausing new investments, says 'will not have any...'
TotalEnergies is one of the biggest foreign investors in Adani's business empire and had previously taken stakes in the group's renewable energy venture.
Moody's cuts outlook on Adani firms to -ve
DNA TV Show: More trouble for Gautam Adani, Moody's cuts outlook on Adani firms to negative
Moreover, France's giant energy company and Adani Group's investor TotalEnergies will no longer make any new investments in the group's company.
Moody's cuts outlook on Adani firms to -ve; Fitch puts some Adani bonds on negative watch
Ratings agency Moody's said on Tuesday that it has cut the outlook on the ratings of seven Adani entities to 'negative' from 'stable', citing the US indictment of Chairman Gautam Adani and others on alleged bribery charges,
All 11 Adani Group stocks in red after Fitch places some of its bonds on negative watch
Fitch Ratings has placed several Adani Group bonds on "watch negative" following the U.S. indictment of key executives from the Indian conglomerate on bribery charges. This includes bonds from Adani Energy Solutions Ltd,
13h
on MSN
Adani Green Energy says no talks on new financial commitment with TotalEnergies
Adani Green Energy said on Tuesday there is no new financial commitment under discussion with TotalEnergies, a day after the ...
Domain-b
18h
US allegations force TotalEnergies to defer investments in Adani Group
In signs that the US Justice Department’s accusation of corruption by the
Adani
Group has its intended impact elsewhere, ...
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