Adani Enterprises Ltd confirmed it has received a Request for Information (RFI) from the U.S. Office of Foreign Assets Control (OFAC) on February 4, 2026. The company is in discussions with OFAC regarding allegations raised in a Wall Street Journal (WSJ) article dated June 2, 2025, leading to a 1.5% drop in shares.
Adani Enterprises Ltd has disclosed that it is cooperating with the U.S. Office of Foreign Assets Control (OFAC) after receiving a formal Request for Information (RFI) concerning allegations highlighted in a WSJ article from June 2025. The article suggested possible links between Adani’s transactions and Iranian-origin shipments, raising compliance concerns.
The company clarified that OFAC is conducting a civil investigation into transactions processed through U.S. financial institutions. Adani emphasized that it is engaging constructively with OFAC and reiterated its commitment to full compliance with international trade and sanctions regulations.
Following the update, Adani Enterprises shares fell 1.5%, reflecting investor caution amid regulatory scrutiny.
Key Highlights
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RFI Received: OFAC requested information on Feb 4, 2026.
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Civil Investigation: Focused on transactions processed via U.S. banks.
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WSJ Allegations: Linked Adani to Iranian-origin LPG shipments.
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Company Response: Denies allegations, stresses compliance with global laws.
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Market Impact: Shares down 1.5% after disclosure.
Adani Enterprises stated it will continue to cooperate with authorities while maintaining transparency in its global operations.
Sources: Reuters, Wall Street Journal, Economic Times, Business Standard