Adani unit agrees to $275 million US settlement over alleged Iran sanctions violations

Indian firm to pay $275m to settle US Iran sanctions probe A company owned by Indian billionaire Gautam Adani will pay $275m to resolve a US investigation into alleged breaches of sanctions on Iran, the Treasury Department said. The Office of Foreign Assets Control confirmed it reached a settlement with Adani Enterprises Limited (AEL), part of the conglomerate’s global network. “AEL agreed to settle its potential civil liability for 32 apparent violations of OFAC's Iran sanctions,” the Treasury said, citing purchases of liquefied petroleum gas between November 2023 and June 2025. The development follows a separate $18m settlement in a US civil case linked to corruption, agreed without an admission of guilt.

Adani Group on Monday agreed to pay USD 275 million to settle allegations of violation of US sanctions on Iran, with the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) saying the Indian conglomerate extended "extensive cooperation" with the investigation and made "proactive" disclosures. Adani Enterprises, the group's flagship firm, had bought shipments of liquefied petroleum gas (LPG) from a Dubai-based trader purporting to supply Omani and Iraqi gas that had actually originated from Iran. The settlement does not constitute a finding of guilt or wrongdoing and resolves all related liabilities. "AEL agreed to settle its potential civil liability for 32 apparent violations of OFAC's Iran sanctions," OFAC said. From November 2023 to June 2025, AEL purchased shipments of LPG from a Dubai-based trader purporting to supply Omani and Iraqi gas. While the Dubai supplier represented itself as a reputable middleman supplying LPG primarily from Oman, as well as Iraq, in .

It comes just days after another Adani-linked company agreed to pay a multimillion-dollar settlement in a separate US case.

It comes just days after another Adani-linked company agreed to pay a multimillion-dollar settlement in a separate US case.

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.