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India's Adani to pay $275 mn settlement to US over alleged Iran sanctions violations

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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 in a statement on 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.



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