US reaches $275 million settlement with Adani Enterprises over alleged Iran sanctions violations

Posted on by Taiwo Adebulu

2 min readUpdated: May 18, 2026 09:18 PM IST

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In relief for Adani Enterprises, the US Department of Treasury on Monday said that it has agreed to settle the company’s potential civil liability for ​32 apparent violations of US sanctions ⁠on Iran for $275 million settlement, Reuters reported.

In a statement, US Treasury’s Office of Foreign Assets Control said that Adani Enterprises had bought liquified petroleum gas (LPG) from a Dubai based trader which alleged to supply Iraq ad Oman’s gas, however, the it had originated from Iran.

Meanwhile, a civil lawsuit, filed separately against Gautam Adani was settled by the US Securities and Exchange Commission (SEC) over an alleged scheme of bribing Indian government officials, court records showed, Reuters reported.

However, the SEC settlement is subject to court approval. The report added that US Justice Department is also planning to drop criminal fraud charges against Adani, who has promised to invest $10 billion in American economy.

The prosecutors in US had charged Adani for allegedly paying bribes to the tune of $265 million to Indian government officials so that Adani group of companies could win approval to develop India’s largest solar power plant, the report stated.

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