India, May 18 -- The Adani Group has reached a settlement with the US Treasury Department's Office of Foreign Assets Control (Office of Foreign Assets Control) over alleged violations of US sanctions related to Iran-linked LPG imports, bringing a major international regulatory probe to a close.

The settlement involves Adani Enterprises Ltd paying $275 million to resolve potential civil liability.

Allegations: Iranian-origin LPG routed via Dubai trader

According to disclosures, the case centered on imports of liquefied petroleum gas (LPG) through India's Mundra Port, operated by the Adani Group.

Investigators later flagged that the supply chain may have been used as a conduit for Iranian-origin LPG.

The imports reportedly took place b...