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ISLAMABAD: Adani Enterprises Ltd., part of India&rsquo;s Adani Group, said it is cooperating with US authorities after receiving a request for information regarding alleged imports of Iranian oil products, US media reported.&nbsp;The company said the inquiry follows a media report by the Wall Street Journal last June, which claimed that Adani-controlled firms imported Iranian <a href="https://www.pakistantv.com/article/pakistan-evacuates-27member-ship-crew-amid-israeli-strikes-in-yemen" target="_blank" style="color:#0073e6;" rel="noopener noreferrer">liquefied petroleum gas</a> (LPG) through the Mundra port, potentially raising sanctions concerns, according to Bloomberg.&nbsp;The report mentions that Adani received the request from the US Treasury Department&rsquo;s Office of Foreign Assets Control on February 4 and stressed that it is fully cooperating with officials.&nbsp;&nbsp;The company added that the matter has no financial impact, as LPG accounted for just 1.46% of its revenue and 0.5% of the group&rsquo;s total revenue for the fiscal year ending March 2025.&nbsp;The group said it stopped all LPG imports last June &ldquo;out of abundant caution.&rdquo; Shares of Adani Enterprises fell as much as 3.5% following the news.&nbsp;The development adds to ongoing <a href="https://www.pakistantv.com/article/us-sec-asks-court-to-bypass-indian-government-to-serve-adani" target="_blank" style="color:#0073e6;" rel="noopener noreferrer">scrutiny of the conglomerate</a>, which has faced previous US investigations and allegations of market manipulation, all of which the group has denied.

Stop Adani protest outside Josh Frydenberg's Camberwell office. (File photo: Wikimedia Commons/ Julian Meehan)

India

Mentions that Adani Enterprises received the request from the US Treasury Department’s Office of Foreign Assets Control on February 4 and stressed that it is fully cooperating with officials.

Articles tagged with "Adani Enterprises"

India's Adani says cooperating with US over Iran oil imports: Report

India's Adani says cooperating with US over Iran oil imports: Report