Adani Enterprises says it is in talks with US Office of Foreign Assets over WSJ allegations

Adani Enterprises on Tuesday confirmed it is in discussions with the US Office of Foreign Assets following allegations cited in a Wall Street Journal report published in June last year. The report had claimed that billionaire Gautam Adani was attempting to persuade officials in the administration of US President Donald Trump to drop bribery charges against him.

In a regulatory update, the company said it had received a Request for Information from the Office of Foreign Assets dated February 4, and is responding as part of ongoing engagement with the US authority.

Also Read: Adani Energy gets Japanese funding for green corridor


"The communication does not contain any findings of aberrations or non-compliances," the company said.

The June report had claimed that billionaire Gautam Adani was seeking to have US authorities drop foreign bribery charges, while prosecutors were also examining whether companies linked to the Adani Group imported Iranian-origin liquefied petroleum gas (LPG) into India through the group-operated Mundra port.

According to the report, a review of tanker movements between the Persian Gulf and Mundra indicated operational patterns that investigators often associate with attempts to evade sanctions.

Adani Group denied the allegations at the time, stating, “Adani categorically denies any deliberate engagement in sanctions evasion or trade involving Iranian-origin LPG.” The spokesperson added, “Further, we are not aware of any investigation by US authorities on this subject.”

Shares of Adani Enterprises declined up to 3.5% after the disclosure.