U.S. prosecutors are investigating whether Indian billionaire Gautam Adani's companies imported Iranian liquefied petroleum gas into India through their Mundra port, the Wall Street Journal reported on Monday.
A WSJ investigation found tankers traveling between Mundra in Gujarat and the Persian Gulf exhibited traits experts say are common for ships evading sanctions, the report said.
The U.S. Justice Department is reviewing activities of several LPG tankers used to ship cargoes to Adani Enterprises, the WSJ said, citing people familiar with the matter.
Read more: 'Baseless and mischievous': Adani Group denies being under investigation by US authorities over links with Iranian LPG
Reuters could not immediately confirm the report.
"Adani categorically denies any deliberate engagement in sanctions evasion or trade involving Iranian-origin LPG," a company spokesman told the WSJ in a statement. "Further, we are not aware of any investigation by U.S. authorities on this subject."
Adani, the U.S. Department of Justice and the U.S. Attorney's Office in Brooklyn did not immediately respond to Reuters request for comment.
U.S. President Donald Trump said in May that all purchases of Iranian oil or petrochemical products must stop and any country or person buying any from the country would be immediately subject to secondary sanctions.
Any inquiry into Adani would come months after U.S. authorities indicted Adani and his nephew, Sagar Adani, alleging they paid bribes to secure power supply contracts, and misled U.S. investors during fund-raising in the United States.
Adani Group has called the accusations "baseless" and vowed to seek "all possible legal recourse".
A WSJ investigation found tankers traveling between Mundra in Gujarat and the Persian Gulf exhibited traits experts say are common for ships evading sanctions, the report said.
The U.S. Justice Department is reviewing activities of several LPG tankers used to ship cargoes to Adani Enterprises, the WSJ said, citing people familiar with the matter.
Read more: 'Baseless and mischievous': Adani Group denies being under investigation by US authorities over links with Iranian LPG
Reuters could not immediately confirm the report.
"Adani categorically denies any deliberate engagement in sanctions evasion or trade involving Iranian-origin LPG," a company spokesman told the WSJ in a statement. "Further, we are not aware of any investigation by U.S. authorities on this subject."
Adani, the U.S. Department of Justice and the U.S. Attorney's Office in Brooklyn did not immediately respond to Reuters request for comment.
U.S. President Donald Trump said in May that all purchases of Iranian oil or petrochemical products must stop and any country or person buying any from the country would be immediately subject to secondary sanctions.
Any inquiry into Adani would come months after U.S. authorities indicted Adani and his nephew, Sagar Adani, alleging they paid bribes to secure power supply contracts, and misled U.S. investors during fund-raising in the United States.
Adani Group has called the accusations "baseless" and vowed to seek "all possible legal recourse".
You may also like
Madeleine McCann: Police searching second abandoned farmhouse on edge of cliff
Rachel Reeves: Social media in hysterics over workers' reactions to major speech
India sees 8.8 pc rise in HNWI wealth in 2024, has 378,810 millionaires worth $1.5 trillion
Ex-KPMG deals co-head Manish Aggarwal joins Deloitte
Hideaway holiday park nightmare leaves couple with devastating £150,000 loss
