By Ron Bousso and Marwa Rashad LONDON - TotalEnergies will pause investment in its Adani Green energy project until there is further clarity on a U.S. bribery case against Indian billionaire Gautam Adani,

French-based TotalEnergies has announced a suspension of new financial contributions to the Adani Group of companies following the indictment of certain Adani Group’s executives by US authorities. The indictment is linked to an alleged corruption scheme associated with Adani Green Energy Limited (AGEL).

Embattled billionaire Gautam Adani's group on Tuesday said French energy giant TotalEnergies' decision to pause new investments in the group will not have any material impact on operations and growth

Ratings agency Moody's said on Tuesday that it had cut the outlook on the ratings of seven Adani entities to 'negative' from 'stable,' citing the U.S. indictment of Chairman Gautam Adani and others on alleged bribery charges,

The adverse rating action could hurt the group's ability to raise fresh funds, besides increasing its cost of capital. Adani stocks fell sharply after the rating actions, with Adani Green Energy, at the centre of US indictments,

India's Andhra Pradesh state is likely to put its power purchase deal linked to Adani Group 'in abeyance citing the U.S. indictment' of the group's billionaire founder Gautam Adani in an alleged bribery scheme,

India's Andhra Pradesh state is reviewing government files and will explore if it is possible to cancel a power supply contract linked to the Adani Group, whose billionaire founder has been indicted in the United States,