Adani gets major relief in US sanctions-linked cases; settles OFAC matter for $275 million

Gautam Adani and the Adani Group moved toward resolving two major U.S.-linked cases involving Iran sanctions compliance and investor disclosure allegations. In the OFAC matter, Adani entities agreed to a settlement tied to alleged Iranian LPG imports via Mundra Port, with penalties reduced after compliance and remedial measures. Separately, U.S. prosecutors moved to dismiss criminal fraud charges in the SEC-DOJ renewable energy fundraising case, while settlements reportedly involved payments of around $18 million.