Adani Group rejects US investigation claims on Iranian LPG imports
The Wall Street Journal reported that the US Department of Justice was probing whether Adani entities imported LPG from Iran into India.
India’s Adani Group has denied any involvement in the importation of Iranian liquefied petroleum gas (LPG) or deliberate evasion of international sanctions, following reports that U.S. prosecutors are reviewing shipments to its Mundra port.
The Wall Street Journal reported that the US Department of Justice was probing whether Adani entities imported LPG from Iran into India.
More To Read
- Treasury tightens PPP rules amid public outrage over secretive infrastructure deals
- Kenya turns to Beijing for JKIA expansion after Adani fallout
- Former CS Justin Muturi accuses President Ruto of corruption and unfitness to lead Kenya
- UDA blogger: State contracted individuals to tarnish Gachagua, defend Adani, SHA
- Raila says he stands by cancelled Adani deals despite controversy and opposition
- US case against Gautam Adani appears strong but extradition unlikely, experts say
The report said tankers travelling between the Persian Gulf and the Mundra port exhibited signs typically associated with sanctions evasion, according to maritime experts.
In response, an Adani Group spokesperson dismissed the claims as "baseless and mischievous," adding, "We are not aware of any investigation by US authorities on this subject."
The group stressed that it does not handle any Iranian-origin cargo at its ports.
“Adani categorically denies any deliberate engagement in sanctions evasion or trade involving Iranian-origin LPG,” the company said in a statement.
It explained that its LPG trade, which contributes just 1.46 per cent of Adani Enterprises’ total revenue, is conducted in full compliance with domestic and international regulations, including US sanctions laws.
Regarding one specific shipment mentioned in the Wall Street Journal article, Adani clarified that the cargo was managed as a "routine commercial transaction" by third-party logistics providers.
The documentation, the group added, indicated that Sohar, Oman, was the port of origin.
The latest scrutiny adds to previous legal troubles for the group. In November, US authorities indicted Gautam Adani and his nephew, Sagar Adani, on allegations of paying bribes to win power supply contracts and misleading US investors during fundraising.
The Adani Group strongly rejected those charges and pledged to defend itself legally.
The new reports come at a time when the US maintains a strict position on Iranian exports. In May, former US President Donald Trump reiterated that any entity purchasing Iranian oil or petrochemical products would face immediate secondary sanctions.
Top Stories Today
