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  "path": "/partner/adani-pay-settlement-to-us",
  "publishedAt": "2026-05-18T15:42:07.000Z",
  "site": "https://nukta.com",
  "tags": [
    "US sanctions against Iran."
  ],
  "textContent": "\n\n\n\nAdani Enterprises Limited (AEL), part of Indian billionaire Gautam Adani's conglomerate, will pay the US Treasury $275 million to settle a probe into alleged violations of US sanctions against Iran.\n\nThe Treasury announced the agreement on Monday, making it the second major US legal settlement for the Adani Group within days.\n\n### What did Adani settle with the US Treasury over?\n\nAEL agreed to resolve potential civil liability for 32 apparent violations of US Iran sanctions rules.\n\nThe violations involved AEL purchases of liquefied petroleum gas shipments between November 2023 and June 2025.\n\nThe settlement was handled by the Treasury's Office of Foreign Assets Control (OFAC), which enforces US economic and trade sanctions.\n\n### How does this settlement relate to the earlier Adani bribery case?\n\nThe $275 million Iran sanctions settlement came just days after Adani agreed to pay a separate $18 million penalty in a US civil court case linked to corruption.\n\nIn that case, Adani and his nephew Sagar Adani were accused of participating in an estimated $250 million scheme to bribe Indian officials for solar energy supply contracts. That settlement was reached without an admission of guilt.\n\n### When did Adani Enterprises first acknowledge the US sanctions probe?\n\nIn February, Adani Enterprises said it was cooperating with the US investigation into the potential sanctions violations that ultimately led to Monday's settlement.\n\nThe company is the flagship listed entity of the Adani Group, one of India's largest business empires. Its operations span ports, power plants, cement factories, and media companies.\n\n### Who is Gautam Adani and why is he under scrutiny?\n\nGautam Adani is one of India's richest men and a close ally of Prime Minister Narendra Modi. He hails from Modi's home state of Gujarat.\n\nIn recent years, Adani has faced corporate fraud allegations and a sharp stock market decline that rattled his conglomerate's finances and reputation.",
  "title": "Adani to pay $275 million settlement to US over alleged Iran sanctions violations"
}