Total halts new investment in Adani Group due to corruption investigation
France’s TotalEnergies announced on Monday that they will not be making any new investments in the Adani group of companies. This decision comes amidst an ongoing corruption probe surrounding the Indian firm. TotalEnergies has taken a cautious stance and opted to refrain from further financial involvement with the Adani group until the situation is resolved.
This move by TotalEnergies aligns with their commitment to responsible investing and ethical business practices. By pausing new investments in the Adani group, TotalEnergies is prioritizing transparency and integrity in their financial decisions.
It is worth noting that TotalEnergies already has exposure to the Adani group, with a reported $3.1 billion investment through stakes in four energy companies. This existing financial involvement remains unaffected by the recent decision to halt new investments.
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