has agreed to pay $275 million to settle potential civil liability with the US Treasury Department’s Office of Foreign Assets Control (OFAC) over alleged violations of Iran-related sanctions linked to imports of liquified petroleum gas (LPG).
According to an OFAC enforcement release, Adani Enterprises imported 35 cargoes of LPG between November 2023 and June 2025 from a Dubai-based trader that purportedly supplied gas from Oman and Iraq, but which OFAC said was actually sourced from Iran.
The US agency said 32 US dollar-denominated payments worth about $192.1 million were processed through US financial institutions for the transactions.
Remedial actions
OFAC said the case was considered “egregious” and not voluntarily self-disclosed, though the final settlement amount reflected the company’s cooperation and remedial actions after the conduct was discovered. The agency alleged that Adani Enterprises overlooked several red flags indicating a possible Iranian origin of the cargoes, including suspicious shipping activity, vessel tracking manipulation, inconsistencies in certificates of origin and unusually discounted pricing.
The sanctions watchdog said Adani failed to conduct enhanced due diligence despite repeated third-party concerns and questionable shipping patterns. OFAC also noted that some payments were temporarily halted by banks because of internal sanctions concerns.
Following media reports in June 2025, Adani Enterprises suspended LPG imports and hired US-based legal counsel to conduct an internal investigation. OFAC said the company cooperated extensively, provided large volumes of documentation and implemented stronger sanctions compliance measures across the group.