TNI Bureau: The US Department of Treasury has announced a $275 million (Rs 2650 Crore) settlement with Adani Enterprises over alleged violations of US sanctions on Iran linked to the import of liquefied petroleum gas (LPG).

According to the Treasury Department’s Office of Foreign Assets Control (OFAC), the company had imported LPG shipments through a Dubai-based trader that claimed the gas originated from Oman and Iraq, but it was later found to have originated from Iran.

OFAC said none of the parties involved in the transactions were sanctioned at the time and the documents provided to the company did not explicitly mention Iranian origin. However, the agency noted shortcomings in the sanctions compliance systems of Adani Enterprises and Adani Ports and Special Economic Zone.

Following media reports in 2025, Adani Enterprises suspended all LPG imports and launched an internal investigation with the help of US-based legal experts. The company also cooperated with the investigation and strengthened its compliance procedures, which helped reduce the penalty from a possible $384 million to $275 million.

Separately, Gautam Adani and his nephew Sagar Adani recently agreed to pay $18 million to settle allegations by the US Securities and Exchange Commission related to an alleged bribery case.

The settlement is expected to reduce legal uncertainty surrounding the Adani Group, which has continued expanding its infrastructure, logistics and energy businesses despite regulatory scrutiny.