Signage atop the Adani Group headquarters in Ahmedabad, India, on Wednesday, Feb. 1, 2023. Adani Group is staring at trouble on several fronts as investors and partners rethink ties with the Indian conglomerate in the wake of bribery and fraud accusations by U.S. authorities. Fitch Ratings has put several dollar bonds issued by Adani Group companies on its negative ratings watchlist, which means the bonds could potentially be downgraded. "Until such time when the accusations against the Adani group individuals and their consequences have been clarified, TotalEnergies will not make any new financial contribution as part of its investments in the Adani group of companies," the French company said. The U.S. International Development Finance Corp has also said it would review its prior agreements to lend $553 million to a Sri Lankan port development that's backed by the Adani Group.

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Persons: Bonds, Leonard Law, Hindenburg, William Ruto, TotalEnergies, Adani Green Organizations: Leonard, Lucro Analytics, CNBC, Fitch, Adani Group, Reuters, Adani, Energy, U.S . International Development Finance Corp, DOJ Locations: Ahmedabad, India, Sri Lankan