US EditionAdani Flagship Says US Agency Probing Certain Transactions that May Have Involved Iran
- Adani Enterprises Ltd is cooperating with the United States Office of Foreign Assets Control in a civil investigation into its transactions that may have involved Iran or entities under U.S. sanctions.
- The investigation is ongoing, and Adani received a Request for Information from OFAC on February 4, indicating that certain transactions processed through U.S. financial institutions are under scrutiny.
- Adani Enterprises reported that Liquefied Petroleum Gas generated only 1.46 percent of its revenue in FY25, and the company expects no material financial impact from the investigation.
- The Adani Group emphasizes that it does not handle any cargo from Iran and ceased all LPG imports on June 2, 2025, as a precautionary measure.
14 Articles
14 Articles
Adani flagship says US agency probing certain transactions that may have involved Iran
Adani Enterprises said on Tuesday that a U.S. agency is conducting a civil investigation into the company's transactions that may have involved Iran or parties subject to U.S. sanctions.
Times of India
The Economic TimesAdani Group says US asked information over imports from Iran
In a significant development, Adani Enterprises is engaging with an investigation led by the US Treasury Department regarding potential imports of petroleum products from Iran. The company has expressed its readiness to cooperate fully with the inquiry. Adani Group has consistently affirmed its innocence concerning any allegations of sanctions evasion, having halted all LPG imports as of June 2025.
Adani Enterprises says facing US probe over alleged Iran-linked LPG trade
Adani Enterprises said that it voluntarily engaged with the US Office of Foreign Assets Control following reports that US prosecutors were investigating whether it imported sanctioned Iranian liquified petroleum gas.
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