Washington, United States, May 18, 2026 (AFP) - India's Adani to pay $275 mn settlement to US over alleged Iran sanctions violations

NAMPA / AFP

2026-05-18

One of Indian billionaire industrialist Gautam Adani's companies will pay the US Treasury $275 million to settle a probe into whether it violated US sanctions against Iran, the Treasury said in a statement on Monday. The US Treasury's Office of Foreign Assets Control (OFAC) said the agreement had been reached with Adani Enterprises Limited (AEL), part of the billionaire's sprawling conglomerate of companies. "AEL agreed to settle its potential......

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