Alexander Zalivako

2026.05.18 – Adani Enterprises Limited Settles with OFAC for $275,000,000 Related to Apparent Violations of Iran-related Sanctions


Attached is the press release. It relates to a settlement between a large, India-based, Adani group and US OFAC. The settlement was reached in connection with the import by Adani of Iranian origin LPG into India. The settlement is large in amount for a non-financial institution and illustrates the approach of OFAC to imposing penalties.

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