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TotalEnergies says it will make no new financial contribution to Adani Group investments

2024.11.25 04:41

PARIS (Reuters) – TotalEnergies (EPA:) SE said on Monday that it will not make any new financial contribution as part of its investments into the Adani group of companies amid a U.S. federal indictment against the head of the company and his nephew.

© Reuters. FILE PHOTO: The logo of French oil and gas company TotalEnergies is seen on an oil tank at TotalEnergies fuel depot in Mardyck near Dunkirk France, January 16, 2023. REUTERS/Benoit Tessier/File Photo

“Until such time when the accusations against the Adani group individuals and their consequences have been clarified, TotalEnergies will not make any new financial contribution as part of its investments in the Adani group of companies,” the company said in a statement.

TotalEnergies rejects corruption in any form, the company added.



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