Adani Settles US Cases For $293M, Clearing Sanctions And Bribery Overhang
Adani Enterprises paid $275M to OFAC over Iran-linked LPG shipment sanctions violations, while the US DoJ dropped criminal charges against Gautam Adani and seven officials. A separate $18M SEC settlement closes the bribery probe, removing a multi-year legal cloud over the conglomerate's global operations.
Adani Enterprises paid $275M to OFAC to settle Iran sanctions violations tied to LPG shipments. US DoJ dropped criminal charges against Gautam Adani and seven others; SEC also settled for $18M, clearing the conglomerate's US legal overhang.