Adani group denies report as 'baseless'

NEW DELHI: The Adani group has denied the Wall Street Journal report, alleging links between its entities and Iranian LPG as "baseless and mischievous".

"Further, we are not aware of any investigation by US authorities on this subject. The WSJ's story appears to be based entirely on incorrect assumptions and speculation. Any suggestion that Adani group entities are knowingly in contravention of US sanctions on Iran is strongly denied. 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," it said in a stock exchange filing .

The statement said the Adani group does not handle any cargo from Iran at any of its ports, including 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.