US EditionAdani Group Denies US Media Report Linking It to US Investigations over Links to Iranian LPG
- The Adani Group, a major Indian conglomerate led by Gautam Adani, denied US media claims on June 2, 2025, linking it to a US investigation over Iranian LPG imports through its Mundra port in Gujarat.
- The US investigation stems from concerns about violation of sanctions imposed on Iranian energy trade, with the Wall Street Journal reporting tanker activities suggest possible sanctions evasion, although Adani denies awareness of any probe.
- Adani clarified its LPG business represents only 1.46% of its $11.7 billion FY24-25 revenue and stated that the group strictly forbids handling cargo or ships originating from or owned by Iran at its ports.
- The group called the US reports baseless and mischievous, saying the allegations rely on incorrect assumptions and that Adani has hired US lawyers to address the issue, emphasizing full compliance with Indian and international laws.
- The case highlights ongoing scrutiny of Adani’s international dealings amid broader US sanctions policies and suggests potential legal challenges while Adani maintains innocence and plans to seek all legal recourse.
22 Articles
22 Articles
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US probing Adani Group link to Iran LPG trade, says report; firm calls it ‘baseless, mischievous’
This comes at a time when the Trump administration is rolling back on the enforcement of certain white-collar crimes, including cases related to foreign bribery and sanctions evasion.
US Probing Adani Group Over Suspected Iran Petrochemical Imports, WSJ Reports
The WSJ had earlier reported that Adani's lawyers had asked the US government to drop criminal charges accusing him of orchestrating over USD 250 million in bribes for solar energy contracts in India.
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