Adani Group Hit With Another Scandal In Iran Over LPG Trade
The Adani Group has been faced with a new scandal, only months after Kenya cancelled two big investment plans with the corporation.
Gautam Adani, an Indian business magnate, is facing a fresh issue after a media investigation linked his company to the alleged shipping of liquefied petroleum gas (LPG) from Iran, which is under sanctions.
The Wall Street Journal reported on Monday, June 2, that tankers with peculiar patterns had traveled from the Gulf to Adani’s Mundra Port in western India.
Gautam Adani's firms are under scrutiny from US prosecutors for reportedly importing Iranian LPG into India through Mundra port#AdaniBribery https://t.co/0SDXr3emcP pic.twitter.com/YjUZk6TafB
— Neha (@NehaKoppula) June 3, 2025
The study also stated that suspicious activities involving tankers are highly typical in sanction-dodging operations.
This has apparently prompted the US Justice Department to investigate the actions of multiple LPG tankers suspected of delivering goods to Adani’s flagship company.
Following the article, which threatens to further tarnish Adani’s reputation, the business has responded by forcefully refuting the charges and blasting the WSJ report as malicious.
“The WSJ story is baseless and mischievous,” Adani Group insisted in a statement through a stock exchange filing.
⚡🇮🇳 🇺🇸ADANI CALLS U.S. MEDIA CLAIMS LINKING IT TO IRANIAN LPG “BASELESS & MISCHIEVOUS.” pic.twitter.com/cWxSEaNRYd
— Sputnik India (@Sputnik_India) June 2, 2025
“We categorically deny any deliberate engagement in sanctions evasion or trade involving Iranian-origin LPG.”
According to the group, they were unaware of any US authorities’ investigations into the charges.
The Adani Group further emphasized its tight internal procedures, stating that it does not handle freight originating in Iran.
The statement added: “Due diligence and KYC checks are done on all LPG suppliers to ensure they are not on the US sanctions list,” Adani added.
“We do not own, operate, or track the vessels mentioned and cannot comment on ships we have not contracted or controlled.”
The new allegations come at a particularly delicate time for the Adani Group, which is still recuperating from legal issues with US authorities from last year.
In November 2024, Gautam Adani and his nephew Sagar Adani, were indicted in the US over bribery claims and allegations of misleading investors.
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This fraud had repercussions as far as Kenya, where President William Ruto quickly cancelled two very contentious accords between the government and the Adani Group following the scandal.
One among the cancelled accords was a KSh 240 billion (USD1.85 billion) plan to upgrade and run Jomo Kenyatta International Airport (JKIA) for 30 years.
The other contract, worth KSh 96 billion (USD 736 million) with the Ministry of Energy for the construction of electricity lines, was also canceled.
Nelson Amenya, the guy who famously blew the whistle on Kenya’s prospective Adani connections, recently raised concerns about an alleged new deal between the government and a Middle Eastern corporation.
Adani Group Hit With Another Scandal In Iran Over LPG Trade
