Adani calls WSJ report on fresh US probe 'baseless and mischievous'
Adani group has further denied all suggestions of violation of US sanctions and has deemed the allegations as "baseless".
The Adani group has dismissed a report issued by the Wall Street Journal regarding the alleged ties between Adani group and Iranian LPG. In the official statement issued by the group, it has dismissed the report and labelled its allegations as “baseless and mischievous.”
“The Wall Street Journal’s story of 2nd June 2025, by Ben Foldy and Dave Michaels, alleging links between Adani entities and Iranian LPG, is baseless and mischievous. Adani categorically denies any deliberate engagement in sanctions evasion or trade involving Iranian-origin LPG. Further, we are not aware of any investigation by US authorities on this subject,” read the official statement.
The group further denied all suggestions of violation of US sanctions.
"Any assertion to the contrary would not only be slanderous but also deemed to be an intentional act to injure the reputation and interests of the Adani Group," the statement added further.
By policy, the Adani Group does not handle any cargo from Iran at any of our ports. This includes any shipments originating from Iran or any vessels operating under the Iranian flag. Additionally, the Adani Group does not manage or facilitate any ships whose owners are Iranian. This policy is strictly adhered to across all our ports," the group said.
What did the WSJ report allege?
As per the report, the Adani group is reportedly under investigation by the US Justice Department for securing business links with Iran.
The WSJ report, which was published on June 2, alleged that the group had breached US sanctions by securing deals with Iranian companies.
The investigation carried out by the Wall Street Journal found that tankers travelling between Mundra in Gujarat and the Persian Gulf exhibited traits common for ships evading sanctions.
WSJ added that the Justice Department is reviewing the activities of LPG tankers user to shop cargo to Adani Enterprises.
