Adani Enterprises settles with US OFAC for $275 million over alleged Iran sanctions violations related to LPG shipments.
The settlement, executed May 14, 2026, mitigates a maximum statutory penalty of $384 million without admitting allegations.
OFAC determined the company processed 32 USD payments totaling $192.1M for Iranian-origin LPG from Nov 2023 to Jun 2025.
The LPG business represented less than 1.5% of AEL's consolidated revenue for 2025, as cited in penalty mitigation.