Adanis knew of US probe when they sold bribe-linked assets to TotalEnergies, prosecutors say [Yahoo! Finance]
TotalEnergies SE (TTE)
Company Research
Source: Yahoo! Finance
bribery when they sold part of India's largest solar park to France's TotalEnergies, prosecutors allege in legal documents reviewed by Reuters. TotalEnergies did not immediately respond to a request for comment on Friday on whether it knew the Adanis were being probed by U.S authorities over an alleged bribery and fraud scheme when it bought the Khavda solar stake. 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 to ensure the solar project's success. In September 2024, TotalEneriges paid $444 million into a joint venture with Adani Green Energy for a 50% stake in 1.15 gigawatts of solar installations at the Khavda solar park — the project at the heart of the bribery charges. The French oil and gas company is not named in the criminal case. The Adani Group has called th
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News
- Adanis knew of US probe when they sold bribe-linked assets to TotalEnergies, prosecutors say [Yahoo! Finance Canada]Yahoo! Finance Canada
- Adani Green Energy's Indian Billionaire Leader Charged With U.S. Fraud [Forbes]Forbes
- Total Voting Rights [Yahoo! Finance]Yahoo! Finance
- TOTALENERGIES SE: Information Concerning the Total Number of Voting Rights and Shares in the Share Capital as at October, 31 2024Business Wire
- Adani Green Energy: Firm At Heart Of U.S. Fraud Charges Against One Of India's Richest Men [Forbes]Forbes
TTE
Earnings
- 10/31/24 - Miss
TTE
Sec Filings
- 11/7/24 - Form SC
- 11/1/24 - Form 6-K
- 10/31/24 - Form 6-K
- TTE's page on the SEC website