Adani Enterprises has disclosed that it has received a formal information request from the US office of foreign assets control (OFAC), the US treasury’s sanctions enforcement arm, as part of a civil investigation linked to transactions that may have involved Iran-sanctioned entities.
In a regulatory filing, the company says the request for information (RFI) was received on 4 February 2026 (India time), or 3 February 2026 (US time), following what it described as voluntary and proactive engagement with the US authority.
The disclosure follows allegations raised in
a Wall Street Journal (WSJ) report published on 2 June 2025, which had claimed that US prosecutors were examining whether companies linked to the Adani group imported liquefied petroleum gas (LPG) of Iranian origin into India through the Adani-operated Mundra Port in Gujarat. The report also says investigators were analysing tanker movements that, in some cases, are associated with sanctions-evasion probes.
Adani Enterprises says it initiated discussions with OFAC on its own and has been engaging with the regulator in a cooperative and transparent manner. The RFI, the company clarified, relates to a civil investigation into certain transactions processed through US financial institutions between June 2023 and the present that may have directly or indirectly involved Iran or entities subject to US sanctions.
Importantly, the company says the communication from OFAC does not contain any findings of wrongdoing, nor does it impose any penalty, restriction or sanction. It also says the matter is not expected to have any financial impact.
LPG, the company noted, formed a very small and operationally non-material part of its business, accounting for 1.46% of Adani Enterprises’ revenue and about 0.5% of the Adani group’s overall revenue in FY24–25. Even so, and 'out of abundant caution', the company says it had ceased all LPG imports with effect from 2 June 2025, shortly after the Wall Street Journal report was published.
At the time of the WSJ report, the Adani group had strongly denied the allegations, stating that it had not engaged in sanctions evasion or in trade involving Iranian-origin LPG, and that it was not aware of any investigation by US authorities. The group had also rejected claims that its chairman, Gautam Adani, sought political intervention in the US over unrelated foreign bribery charges.
The latest filing reiterates the Adani group’s position that it is cooperating fully with OFAC and will supply the information requested as part of the ongoing dialogue. The company emphasised that the engagement is voluntary and that no adverse conclusion has been drawn by the US authority at this stage.
The development comes at a time when US scrutiny of global trade flows involving Iran remains heightened, particularly under the threat of secondary sanctions that can complicate financing and access to US-linked capital markets.
For now, however, Adani Enterprises has sought to reassure investors that the matter remains non-material from a financial standpoint and that there has been no regulatory action against the company.
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