TotalEnergies: Statement on the Adani Group in India

(CercleFinance.com) - TotalEnergies has learned from the public announcements made by the American authorities of the indictment of certain executives of the Adani group in connection with alleged acts of corruption related to the activities of Adani Green Energy Limited (AGEL).
The indictment does not target AGEL itself, nor any company linked to AGEL.

'In accordance with its Code of Conduct, TotalEnergies rejects corruption in all its forms', the Group states in its press release.

TotalEnergies, which is neither a target nor involved in the facts described in this indictment, will take all necessary measures to protect its interests as a minority shareholder (19.75%) in AGEL and as a partner (50%) in joint ventures with AGEL," the Group added.

Until the accusations against the Adani group's management and their consequences have been clarified, TotalEnergies will not make any further financial contributions to its investments in the Adani group of companies', adds TotalEnergies management.

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