US investigating Adani Group for suspected LPG imports from Iran: Report

Prosecutors in the United States are investigating whether Adani Group entities had imported Iranian liquefied petroleum gas into India, The Wall Street Journal reported on Monday.

The prosecutors were reviewing the activities of several LPG tanker ships used to transport cargoes to Adani Enterprises, the newspaper quoted unidentified officials as saying.

The US has imposed sanctions on Iran for its nuclear programme and alleged support for militant groups such as Hamas. It contends that LPG is a major source of revenue for Iran, which helps fund its nuclear weapons and conventional weapons programmes.

The conglomerate rejected the allegations on Monday.

“Adani categorically denies any deliberate engagement in sanctions evasion or trade involving Iranian-origin LPG,” a company spokesperson said. “Further, we are not aware of any investigation by US authorities on this subject.”

An investigation by The Wall Street Journal into a group of LPG tankers travelling between the conglomerate’s Mundra port in Gujarat and the Persian Gulf since early 2024 found that they showed signs, which ship trackers say are usually proof of vessels trying to hide their activities, the newspaper reported on Monday.

In response to the report by The Wall Street Journal, Adani Enterprises said in a stock exchange filing on Monday that the “story appears to be based entirely on incorrect assumptions and speculation”.

“Any suggestion that Adani Group entities are knowingly in...

Read more