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SETTLEMENT AGREEMENT
This settlement agreement (the "Agreement") with respect to ENF 1444722 is made by and between the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) and Adani Enterprises Limited (AEL) including its subsidiaries, assignees, successors, and affiliates worldwide (collectively referred to hereafter as "Respondent").
I. PARTIES
OFAC administers and enforces economic sanctions against targeted foreign countries, regimes, terrorists, international narcotics traffickers, human rights abusers, and proliferators of weapons of mass destruction, among others. OFAC acts under Presidential national emergency authorities, as well as authority granted by specific legislation, to impose controls on transactions and freeze assets under U.S. jurisdiction.
AEL is a diversified multinational company headquartered in Ahmedabad, India. AEL maintains a portfolio of ten vertical business lines, including in the energy, natural resources, transportation and infrastructure sectors, among others.
II. APPARENT VIOLATIONS
Between November 10, 2023 and...
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1) Enforcement Release: Adani Enterprises Limited.