Overview
- Adani Enterprises disclosed it received an OFAC information request on February 4 following voluntary engagement with the agency.
- According to Adani, OFAC indicated a civil investigation into transactions routed through US financial institutions that may have involved Iran or sanctioned parties.
- The company said the communication contains no findings of aberrations or non-compliance and that it is fully cooperating by supplying requested data.
- Adani ceased all LPG imports on June 2, 2025, and said LPG contributed 1.46% of its fiscal 2025 revenue, calling the business operationally non-material.
- Adani has denied deliberate sanctions evasion, citing a no-Iran cargo policy at its ports and stating the cited shipment was handled via third-party logistics with documents listing Sohar, Oman, as origin.