Indian businessman Gautam Adani’s company Adani Enterprises Limited has settled the case of violation of US sanctions. For this, the company will pay $ 275 million (about Rs 2,300 crore) to the US Treasury as settlement amount. The US Treasury Department officially announced this agreement on Monday. The case involves 32 potential civil liability violations of US sanctions imposed on Iran. The Treasury Department’s Office of Foreign Assets Control (OFAC) said in a statement that an agreement has been reached between the two parties regarding the payment of this huge amount. Adani Enterprises had made it clear in February this year itself that it is fully cooperating in the US investigation. Iranian gas was purchased from a Dubai supplier in the name of Oman-Iraq. According to OFAC, the entire matter is related to the import of Liquefied Petroleum Gas (LPG) between November 2023 and June 2025. Adani Enterprises had purchased the consignment of LPG from a trader in Dubai. That supplier had claimed that this gas was coming from Oman and Iraq. However, investigation revealed that this LPG was actually imported from Iran. Iran is under sanctions under US regulations restricting energy trade (ITSR). The consignment had arrived at Mundra Port, rules were largely ignored. The American agency says that Adani Enterprises had imported this LPG into India through Mundra Port in Gujarat. For its payment, 32 transactions were made in dollars through American financial institutions, the total value of which was approximately $192 million. OFAC said that the company had received several red flags that should have alerted them that this LPG was coming from Iran. The company did not self-report these potential violations, so they were not given any leniency in this serious matter. Due to this, the initial civil penalty imposed on the company was $384.2 million, but after mutual negotiation and cooperation, the final settlement was fixed at $275 million. Signs of relief in Adani’s other US cases also: This settlement has come at a time when Gautam Adani is getting indications of getting major relief in some other legal cases going on in America. The US Securities and Exchange Commission (SEC) has separately settled a civil lawsuit related to an alleged scheme to bribe Indian government officials, according to court records last week, although it is still pending court approval. Along with this, it has also been revealed by quoting two sources that the US Department of Justice (DOJ) is very close to dropping the ongoing criminal fraud charges against Adani. This step is being taken when Gautam Adani has promised to invest $ 10 billion in the US economy. Apart from this, just a few days ago, another Adani company had agreed to pay $18 million to settle a civil court case related to corruption without admitting any guilt.
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Adani Enterprises will pay ₹2,300 crore to Trump administration: Settlement reached in the case of buying gas from Iran; Will invest $10 billion in America
