NEW DELHI — India’s Adani Group on Monday firmly denied allegations of evading U.S. sanctions or engaging in trade involving Iranian-origin liquefied petroleum gas (LPG), following a Wall Street Journal report that U.S. authorities are investigating potential violations linked to shipments through the company’s Mundra port.
Calling the report “baseless and mischievous,” an Adani spokesperson stated that the group has no knowledge of any investigation by U.S. authorities. The company emphasized that it does not handle Iranian cargo at its ports and that all LPG trade, representing just 1.46% of Adani Enterprises’ total revenue, fully complies with domestic and international regulations, including U.S. sanctions.
The WSJ cited anonymous sources suggesting U.S. prosecutors are reviewing the movements of tankers believed to be linked to Adani, displaying traits typical of sanctions evasion. One shipment reportedly under review was processed via third-party logistics and documented as originating from Sohar, Oman, according to Adani.
The U.S. Department of Justice has not publicly confirmed any probe. The matter comes amid ongoing scrutiny of the conglomerate, which has previously denied unrelated allegations of bribery and investor misrepresentation in the U.S.
Adani Group reiterated its commitment to compliance and legal transparency in all business operations.