Adani Group on Monday agreed to pay USD 275 million to settle allegations of violation of US sanctions on Iran, with the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) saying the Indian conglomerate extended "extensive ...

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