Mumbai, May 18 -- Adani Enterprises Ltd (AEL) on Monday said it has reached a $275 million (about Rs.2,650 crore) settlement with the US Treasury for purchasing $192 million worth of sanctioned Iranian gas between November 2023 and June 2025.

Late last week, Adani and his nephew had paid $18 million to settle a separate suit brought by the US Securities and Exchange Commission. On Monday, Reuters reported, citing court records, that the US Justice Department had decided to drop criminal fraud charges in that case.

The three developments bring the curtains down on all ongoing investigations and charges against Adani and his conglomerate in the US, ending over 18 months of uncertainty.

AEL informed stock exchanges that it had purchased l...