US sanctions Indian companies over alleged maritime fraud aiding Iran
The US Treasury accuses Indian nationals of running a 'vast criminal network' that helps Iranian vessels sail under false flags and with fake maritime certifications.
US Treasury Secretary Scott Bessent has announced sanctions against Indian nationals Suniel Kumar Sharma and his wife Jaspreet Preeti Shahid for their alleged involvement in a criminal network aiding Iran's illicit oil tanker activities. The sanctions, announced Wednesday, target the pair for operating a vast network from their base in Chandigarh, which allowed Iranian vessels to evade international restrictions by sailing under false flags and obtaining fake maritime certifications.
The move comes as part of a broader series of US sanctions against Iran, which have intensified since August, following the resumption of hostilities between the United States and Iran.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 8 other outlets
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