PARIS, Nov 25 (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 investments with Adani Group companies following last week's
U.S. federal indictment.
"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 was not made aware of the existence of an
investigation into the alleged corruption scheme," the company
added.
U.S. prosecutors on Thursday
charged
eight people - including Indian tycoon Gautam Adani, his
nephew Sagar Adani and the former CEO of Adani Green Energy
Limited - with promising and then making improper payments to
Indian officials between July 2021 and 2024 for business
advantages.
The French firm purchased a 19.75% stake in Adani Green
Energy in January 2021 - after the Indian company won what was
then the world's largest solar order, and just months before the
payments to officials were alleged to have begun.
Total also owns a 37.4% stake in Adani Total Gas
Limited, as well as a 50% stake in three renewable joint
ventures with Adani Green Energy.
Two of those
joint ventures
were entered into after the FBI served search warrants on
Sagar Adani and seized evidence related to Adani Green Energy.
TotalEnergies shares were down 0.04% at 0945 GMT on Monday.