US slaps sanctions on Indian, Turkish firms and people for aiding Iran
The sanctions target a network accused of helping sanctioned vessels move Iranian petroleum and of backing Iranian airlines despite repeated U.S. warnings.
- The U.S. Department of the Treasury's Office of Foreign Assets Control designated key individuals and corporate entities across India and Turkey for facilitating Iran's shadow oil fleet and supporting its defense and commercial aviation sectors.
- Federal officials cited a Chandigarh-based criminal network operated by Indian nationals Suniel Kumar Sharma and Jaspreet Preeti Shahid, accusing the network of providing fraudulent ship registrations and flagging documentation to enable Iranian oil tankers to evade global trade sanctions.
- The Treasury designated nine India-registered maritime management and tech firms—including Aryavart Ship Management and Oceaniek Technologies—accused of orchestrating flag-impersonation schemes for Iranian vessels dating back to 2014.
- U.S. enforcement actions additionally targeted Turkey-based Fugo Ground Services Inc. for supplying logistics and ground maintenance to Iranian commercial airlines previously designated for transporting military hardware and IRGC personnel.
- Treasury Secretary Scott Bessent emphasized that the administration's broader campaign, designated "Operation Economic Outcast," will aggressively cut off foreign facilitators aiding Tehran's maritime evasion tactics and military supply lines.
119 Articles
119 Articles
US Sanctions Chandigarh Businessman and Network Over Iranian Oil Export Scheme
The United States has extended its sanctions regime to include a Chandigarh-based businessman, his spouse, and a network of associated entities, alleging their involvement in a fraudulent maritime operation designed to bypass international restrictions on Iranian oil exports. According to the US Department of the Treasury, Suniel Kumar Sharma and his wife, Jaspreet Preeti Shahid, operated a "vast criminal network" that provided critical logistic…
False flags and more: How Indian couple sanctioned by US aided Iran’s oil trade
The US Treasury Department has imposed sanctions on an Indian couple, Suniel Kumar Sharma and Jaspret Preeti Shahid, for their involvement in aiding Iran evade sanctions on its oil trade through a maritime fraud. The American authorities noted that the Chandigarh duo defrauded maritime regulatory bodies by providing false flags and fraudulent maritime certificates
Chandigarh-based couple face US sanctions over Iran oil links
Washington: The US has imposed sanctions on a Chandigarh-based couple and a web of companies they run for allegedly supporting Iran’s shadow fleet by providing false flags and certifications to transport petroleum. The US Department of Treasury sanctioned Suniel Kumar Sharma and his wife Jaspreet Preeti Shahid for allegedly defrauding maritime regulatory administrations across multiple … Get the latest updates in Hyderabad City News, Technology,…
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