Adani Enterprises has agreed to pay $275 million to settle alleged U.S. sanctions violations tied to Iranian gas shipments, according to the U.S. Treasury Department.
The Treasury’s Office of Foreign Assets Control said the company purchased liquefied petroleum gas from a Dubai-based trader claiming the fuel originated in Oman and Iraq. Investigators later determined the shipments allegedly came from Iran, resulting in 32 apparent sanctions violations.
U.S. Treasury, India's Adani Enterprises settle alleged Iran sanctions violations https://t.co/bxO692gjDC
— CNBC International (@CNBCi) May 18, 2026
The development comes as billionaire Gautam Adani also moves toward resolving separate legal troubles in the United States. According to court records cited in the report, the Securities and Exchange Commission recently settled a civil bribery-related lawsuit involving Adani.
The report further said the Justice Department is nearing a decision to drop related criminal fraud charges. Sources cited Adani’s pledge to invest $10 billion in the U.S. economy under President Donald Trump’s administration.
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