ISLAMABAD: India’s Adani Group has strongly refuted allegations of evading US sanctions by trading Iranian liquefied petroleum gas (LPG), following a Wall Street Journal report claiming a US investigation into the conglomerate’s activities.
The group dismissed the claims as “baseless and mischievous,” asserting full compliance with international laws.
US Investigates Alleged Sanctions Violations
The WSJ reported that US prosecutors are examining whether Adani entities imported Iranian LPG through its Mundra port, citing tanker movements between the Gulf and India that exhibited patterns typical of sanctions evasion.
The US Justice Department is reportedly reviewing transactions involving Adani Enterprises, the group’s flagship company.
However, Adani maintains it has “no knowledge” of any such probe and emphasized that its ports do not handle Iranian cargo as a matter of policy.
Adani’s Defense and Past Legal Troubles
The conglomerate clarified that its LPG trade—contributing just 1.46% of Adani Enterprises’ revenue—follows all domestic and international regulations, including US sanctions.
A shipment flagged by the WSJ was described as a routine commercial transaction with documentation listing Oman’s Sohar port as the origin.
This controversy follows last November’s indictment of billionaire Gautam Adani and his nephew, Sagar Adani, over bribery and investor fraud allegations related to US fundraising.
The group has denied those charges as well, vowing to contest them legally.
The reported probe adds to mounting scrutiny of Adani’s global operations, raising questions about compliance risks in India’s corporate sector amid tightening US sanctions enforcement.
