US Treasury, India's Adani Enterprises settle alleged Iran sanctions violations
Key takeaways
- US Treasury, India's Adani Enterprises settle alleged Iran sanctions violations Reuters Mon, May 18, 2026 at 9:25 PM GMT+7 1 min read ADANIENT-BL.NS WASHINGTON, May 18 (Reuters) - The U.S.
- The Justice Department is also close to dropping related criminal fraud charges against Adani, who has promised to invest $10 billion in the U.S. economy, according to two sources familiar with the matter.
- (Reporting by Susan Heavey; editing by Michelle Nichols)
US Treasury, India's Adani Enterprises settle alleged Iran sanctions violations Reuters Mon, May 18, 2026 at 9:25 PM GMT+7 1 min read ADANIENT-BL.NS WASHINGTON, May 18 (Reuters) - The U.S. Department of Treasury on Monday said it had agreed to a $275 million settlement with India s Adani Enterprises Ltd over the company s potential civil liability for 32 apparent violations of U.S. sanctions on Iran.
Adani Enterprises had bought shipments of liquefied petroleum gas from a Dubai-based trader purporting to supply Omani and Iraqi gas that had actually originated from Iran, Treasury s Office of Foreign Assets Control said in a statement.
The U.S. Securities and Exchange Commission separately settled a civil lawsuit against Indian billionaire Gautam Adani over an alleged scheme to bribe Indian government officials, court records showed last week, although the move is subject to court approval.