The United States Department of Treasury on Monday said that Adani Enterprises has agreed to pay $275 million to settle its potential civil liability for alleged violations of US sanctions on Iran.
Adani Enterprises is the flagship company of the Adani Group, led by billionaire Gautam Adani.
Between November 2023 and June 2025, the company had allegedly purchased shipments of liquefied petroleum gas from a Dubai-based trader purporting to supply Omani and Iraqi gas, the Office of Foreign Assets Control said in a statement on Monday.
However, the gas had actually originated in Iran, the US department alleged.
The conglomerate has not yet commented on the announcement made by the US treasury department.
Other matters and settlementsThe US Department of Justice is also planning to drop fraud charges against Adani Group chairperson Gautam Adani in a separate case, The New York Times had reported on Thursday.
The US authorities had in November 2024 indicted Gautam Adani and his nephew Sagar Adani for allegedly orchestrating a $265 million fraud scheme to bribe officials in India for solar energy contracts, and then misrepresenting the company’s anti-bribery practices to investors in the US.
The details of the alleged bribes were concealed to secure financing, the US justice department had claimed.
The Adani Group has denied the allegations. In a stock exchange filing in November 2024, the conglomerate said...
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