Bond.az -- The U.S. Department of Treasury on Monday announced a $275 million settlement with Adani Enterprises Ltd over 32 apparent violations of U.S. sanctions on Iran.
The company purchased shipments of liquefied petroleum gas from a Dubai-based trader that claimed to supply Omani and Iraqi gas, but the gas had actually originated from Iran, according to the Treasury’s Office of Foreign Assets Control.
Last week, the U.S. Securities and Exchange Commission settled a civil lawsuit against Indian billionaire Gautam Adani over an alleged scheme to bribe Indian government officials, court records showed. The settlement is subject to court approval.
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