Adani Enterprises Ltd has agreed to pay USD 275 million to settle potential civil legal responsibility with the U.S. Treasury Division’s Workplace of Overseas Property Management over alleged Iran sanctions violations linked to LPG imports by way of Mundra Port, Gujarat. The corporate cited cooperation and proactive disclosure, and mentioned the settlement shouldn’t be a discovering of wrongdoing.
Enterprise
Adani Group reached a settlement with the U.S. Treasury Division’s Workplace of Overseas Property Management (OFAC) over alleged sanctions breaches. The case involved suspected imports of Iranian liquified petroleum fuel by way of Mundra Port in Gujarat. Adani Enterprises Ltd (AEL) agreed to pay USD 275 million to settle potential civil legal responsibility. The corporate mentioned the settlement was not a guilt discovering.
OFAC mentioned AEL cooperated broadly and shared its personal assessment outcomes early. The order mentioned AEL produced giant units of paperwork and responded to company queries. AEL additionally made group-wide upgrades to its sanctions compliance methods. The settlement resolved all associated liabilities linked to the OFAC matter, in accordance with disclosures from the corporate.
Adani Group OFAC settlement tied to Iranian LPG route
OFAC linked the obvious violations to LPG shipments routed by way of a Dubai-based dealer. From November 2023 to June 2025, AEL purchased LPG cargoes described as Omani and Iraqi provide. OFAC mentioned the dealer introduced itself as a good middleman. The order alleged the agency really acted as a channel for Iranian LPG getting into markets.
OFAC mentioned not one of the events in AEL’s LPG imports have been sanctioned through the shipments. It additionally mentioned the papers given to AEL didn’t clearly present an Iranian supply. Nonetheless, OFAC mentioned AEL and Adani Ports & SEZ had compliance programmes that missed different controls. These gaps didn’t absolutely handle the dangers from such buying and selling relationships.
Adani Group OFAC settlement quantity lowered from most penalty
Beneath OFAC guidelines, the authorized most might have been about USD 384 million. OFAC set the ultimate settlement at USD 275 million. The company cited voluntary self-reporting and early engagement by the corporate. It additionally pointed to remedial compliance steps and commitments that adopted the inner assessment.
The difficulty started after Adani self-reported to OFAC in 2025. The corporate mentioned it found {that a} vessel carrying Iranian-origin LPG had docked at Mundra Port. After public studies in June 2025 raised allegations about Iranian LPG imports, AEL stopped all LPG imports. AEL additionally employed US-based counsel to run a full assessment of its LPG enterprise.
In February 2026, the corporate disclosed that OFAC had requested for data formally. The request lined transactions relationship again to June 2023. OFAC was assessing whether or not funds by way of US monetary establishments not directly concerned sanctioned Iranian entities. AEL later strengthened sanctions checks and added additional inside controls, in accordance with the order.
Adani Group OFAC settlement follows SEC case closure in US
The OFAC matter was separate from investigations by the U.S. Division of Justice and Securities and Alternate Fee. Nonetheless, it was the second US case closed inside days. Final week, Gautam Adani and Sagar agreed to pay USD 18 million. The SEC alleged they misled buyers by hiding an alleged bribery scheme.
That SEC settlement was linked to a broader US decision taking form. It additionally concerned the Justice Division dismissing felony fraud expenses, as reported earlier. The identical wider course of included the Treasury Division imposing a civil penalty for Iran sanctions points. Collectively, the DOJ, SEC, and OFAC outcomes have been anticipated to cut back authorized uncertainty.
Even throughout months of scrutiny, the group continued increasing in infrastructure, logistics, and vitality. Filings confirmed listed Adani Group entities posted file EBITDA of about USD 5.3 billion within the first half of FY26. Capital expenditure in the identical interval was estimated at practically USD 17 billion. The OFAC settlement closed the sanctions case tied to LPG imports.
With inputs from PTI
