French oil major TotalEnergies has suspended fresh investments in joint energy projects with the Adani Group and said the Indian conglomerate had not informed it of a US corruption probe even as the companies pursued deals together. US authorities indicted the group’s founder Gautam Adani in a bribery case last week. Total is one of Adani’s high-profile foreign partners on several Indian renewable energy projects, though these were not specifically targeted in the US investigation.
Earlier on Monday, the Indian conglomerate said its listed companies had enough cash to cover debt payments over the coming year, as the conglomerate gave the first snapshot of its operations since US authorities released their indictment.
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