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US launches new probe into India's Adani over Iran trade - WSJ
The Island
|June 04, 2025
The US Department of Justice has launched a new investigation into Indian billionaire Gautam Adani, alleging potential violations of US sanctions on Iran, The Wall Street Journal reported on Monday.
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The probe focuses on alleged imports of Iranian liquefied petroleum gas (LPG) into India through Adani’s Mundra port, located in the western state of Gujarat. An investigation by the WSJ found that tankers travelling between Mundra and the Persian Gulf often exhibited behav-iour commonly associated with ships attempting to evade sanctions, prompt-ing further scrutiny into Adani’s business dealings.
Adani Group said it was not aware of any investigations conducted by the US, calling the report “baseless and mischievous.”
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