Sanctions

Adani Enterprises settles $275 million with US Treasury over Iran sanctions violations

Adani Enterprises Ltd. has agreed to a $275 million settlement with the US Treasury regarding alleged violations of sanctions against Iran. This settlement follows a probe by the Office of Foreign Assets Control that identified 32 apparent violations. The resolution is expected to allow Adani Enterprises to refocus on its business operations without the burden of ongoing legal challenges in the US market.