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Reuters
Mon, May 18, 2026 astatine 9:25 AM CDT 1 min read
WASHINGTON, May 18 (Reuters) - The U.S. Department of Treasury connected Monday said it had agreed to a $275 million colony with India's Adani Enterprises Ltd over the company's imaginable civilian liability for 32 evident violations of U.S. sanctions connected Iran.
Adani Enterprises had bought shipments of liquefied petroleum state from a Dubai-based trader purporting to proviso Omani and Iraqi gas that had really originated from Iran, Treasury's Office of Foreign Assets Control said in a statement.
The U.S. Securities and Exchange Commission separately settled a civilian suit against Indian billionaire Gautam Adani implicit an alleged strategy to bribe Indian authorities officials, tribunal records showed last week, though the move is taxable to court approval.
The Justice Department is besides close to dropping related transgression fraud charges against Adani, who has promised to put $10 cardinal successful the U.S. economy, according to 2 sources acquainted with the matter.
(Reporting by Susan Heavey; editing by Michelle Nichols)
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