Adani Enterprises has entered into a settlement with the US Treasury Department’s Office of Foreign Assets Control (OFAC) in relation to an alleged sanctions compliance matter linked to imports of Iranian liquified petroleum gas (LPG).
Adani Enterprises agreed to pay $275 million to settle potential civil liabilities connected to apparent violations of US sanctions on Iran, according to disclosures related to the case, as per The Economic Times report.
The settlement was reached with OFAC, the sanctions enforcement division of the US Treasury Department. The company stated that the agreement resolves all liabilities associated with the matter and does not amount to an admission or finding of wrongdoing.
The issue centred on LPG imports handled through Mundra Port in Gujarat. Between November 2023 and June 2025, Adani Enterprises purchased LPG shipments from a Dubai-based trader that reportedly presented the cargo as originating primarily from Oman and Iraq.
According to OFAC’s order, the supplier allegedly acted as an intermediary for Iranian LPG entering international markets despite representing itself as a legitimate trader of Middle Eastern gas supplies.
The OFAC order noted that none of the parties involved in the LPG transactions were sanctioned at the time of shipment.
It also stated that the documentation provided to Adani Enterprises did not explicitly identify the LPG as being of Iranian origin. However, the order added that the sanctions compliance framework of Adani Enterprises and Adani Ports and Special Economic Zone did not include additional safeguards to address potential risks arising from such dealings.
Adani Group stated that it cooperated extensively with the investigation and voluntarily disclosed findings linked to the matter.
The company indicated that these actions formed part of the process leading to the settlement agreement with OFAC.
The case reflects the increasing scrutiny surrounding global trade compliance, particularly in sectors involving energy imports and cross-border commodity transactions.
Sanctions-related due diligence and supply chain verification have become increasingly important for companies involved in international trading and logistics operations, especially where intermediaries and multiple jurisdictions are involved.
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The settlement between Adani Enterprises and OFAC concludes the sanctions-related matter connected to LPG imports routed through Mundra Port.
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Published on: May 19, 2026, 12:46 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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