US Treasury reaches $275m settlement with India's Adani Enterprises over alleged Iran sanctions violations | The National

HeadphonesListen to articleIndian billionaire Gautam Adani is chairman of the Adani Group. ReutersIndian billionaire Gautam Adani is chairman of the Adani Group. ReutersCompany says it will 'implement any measures to reduce the risk of recurrence of apparent violations in the future'The NationalMay 18, 2026HeadphonesBookmark

US Treasury agrees a $275 million settlement with Adani Enterprises over apparent Iran sanctions violations.

The Office of Foreign Assets Control says the “apparent violations were egregious and not voluntarily self-disclosed,” said the sanctions regulator.

Regulators allege the conglomerate bought LPG from a Dubai trader claiming Omani and Iraqi origin, but shipments actually came from Iran.

Gautam Adani and his nephew separately agreed to pay $18 million to resolve allegations of false statements on Indian solar contracts.