Adani Enterprises Limited has agreed to pay $275 million to settle potential civil liability in a US sanctions enforcement action brought by the Office of Foreign Assets Control (OFAC) over alleged Iran-related sanctions violations.
According to OFAC’s enforcement release dated May 18, 2026, Adani Enterprises allegedly purchased multiple shipments of liquefied petroleum gas (LPG) between November 2023 and June 2025 from a Dubai-based supplier that purported to provide Omani and Iraqi-origin gas, though the LPG was allegedly of Iranian origin. OFAC said the company caused US financial institutions to process 32 US dollar-denominated payments totalling approximately $192.1 million in connection with the transactions.
The US agency stated that several red flags should have prompted enhanced scrutiny, including unusually discounted pricing, suspicious vessel movements, AIS manipulation, inconsistent shipping documentation, and third-party warnings suggesting a possible Iranian nexus. OFAC concluded that Adani Enterprises failed to undertake sufficient due diligence despite these indicators.
OFAC classified the matter as an egregious case that was not voluntarily self-disclosed, noting that the statutory maximum civil monetary penalty could have exceeded $384 million. However, the final settlement amount reflected mitigating factors including the company’s subsequent cooperation, internal investigation, suspension of LPG imports, and enhancements to its sanctions compliance programme.
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