#ofac

Home - CBSNews.com | Man arrested for allegedly selling U.S. equipment to Iran and violating sanctions AI generated summary, Read the full article for complete information. Jamshid Ghomi, a 63‑year‑old resident of Newport Coast, California, was arrested on federal charges for allegedly selling U.S. equipment to Iran’s nuclear and military establishments, a decade‑long scheme that the Justice Department says violated U.S. sanctions. Read more: https://www.cbsnews.com/video/man-arrested-for-allegedly-selling-us-equipment-to-iran-and-violating-sanctions/ #JamshidGhomi #NicoleSganga #JusticeDept #BureauofIndustry #OFAC

Times of India | US Treasury reaches $275 million settlement with Adani Enterprises over Iran sanctions violations AI generated summary, Read the full article for complete information. The U.S. Treasury Department announced a $275 million settlement with Adani Enterprises over the company’s alleged civil liability for 32 violations of U.S. sanctions on Iran, after the Office of Foreign Assets Control determined that Adani had purchased liquefied petroleum gas from a Dubai‑based trader that claimed the gas was Omani and Iraqi but actually originated in Iran; the settlement comes amid a broader series of U.S. legal actions against billionaire Gautam Adani, including a separate SEC civil suit over an alleged bribery scheme and the near‑dropping of related criminal fraud charges, while the conglomerate has pledged to invest $10 billion in the U.S. economy. Read more: https://timesofindia.indiatimes.com/business/international-business/us-treasury-reaches-275-million-settlement-with-adani-enterprises-over-iran-sanctions-violations/articleshow/131179960.cms #USTreasury #AdaniEnterprises #GautamAdani #OFAC #Iran

Times of India | All charges dropped by US Department of Justice: Adani Group stocks rally up to 3% AI generated summary, Read the full article for complete information. All criminal charges against Gautam Adani, his nephew Sagar Adani and other senior executives were dismissed after the U.S. Department of Justice withdrew its case, prompting a rally of up to 3.5 % in the shares of Adani Enterprises, Adani Green, Adani Power, Adani Ports, Adani Energy and Adani Total Gas. The group also settled civil sanctions‑related allegations with the U.S. Treasury’s Office of Foreign Assets Control for $275 million, without admitting wrongdoing, and previously resolved an $18 million civil corruption claim. The DOJ’s decision ends a 19‑month legal saga that had hampered the conglomerate’s expansion, fundraising and contracts, while the Securities and Exchange Commission’s parallel investigations into alleged bribery and nondisclosure continue. Read more: https://timesofindia.indiatimes.com/business/india-business/all-charges-dropped-by-us-department-of-justice-adani-group-stocks-rally-up-to-3/articleshow/131191708.cms #GautamAdani #RobertGiuffra #Adanigroup #USTreasury #OFAC #SagarAdani