Business
US Treasury reaches $275 million settlement with Adani Enterprises over Iran sanctions violations
Agreement resolves potential liability linked to 32 alleged breaches of US sanctions rules
The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India. File picture: Reuters
Washington: The US Department of the Treasury said on Monday it has agreed to a $275 million settlement with India’s Adani Enterprises Ltd over the company’s potential liability for 32 apparent violations of US sanctions on Iran.