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TotalEnergies to invest $300 mln in JV with Adani Green Energy

Premium September 20, 2023

FILE PHOTO: The logo of French oil and gas company TotalEnergies is seen at the company's headquarters skyscraper in the financial and business district of La Defense, near Paris, France September 14, 2023. REUTERS/Gonzalo Fuentes/File Photo

INSIGHT: We asked four world-leading financial crime experts who should be AMLA chair – here’s what they said

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NEWS: Gazprombank, third largest lender in Russia, among 50 banks hit with new US sanctions

By Sethuraman N R and Forrest Crellin

French oil major TotalEnergies will invest $300 million to form a joint venture with Adani Green Energy to build renewable capacity in India, the two companies’ first deal since India’s Adani Group was involved in an alleged tax fraud scandal.

Adani Group shares lost about $150 billion in value following allegations by U.S. short seller Hindenburg Research that the company engaged in improper dealings and used tax havens.

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INSIGHT: We asked four world-leading financial crime experts who should be AMLA chair – here’s what they said

 Premium

NEWS: Canada’s TD Bank names insider Michelle Myers as global chief auditor amid regulatory glare

 Premium

NEWS: Gazprombank, third largest lender in Russia, among 50 banks hit with new US sanctions

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