US Sanctions Indian Couple, Eight Firms Over Alleged Role In Iran's Shadow Fleet & Oil Smuggling Network
Washington DC: The United States has imposed sanctions on an India-based couple and several associated companies over their alleged involvement in facilitating Iran's shadow fleet through fraudulent maritime registrations and certifications, accusing them of helping sanctioned vessels transport Iranian petroleum and evade international restrictions. Today, as part of Operation Economic Outcast,…
The United States has imposed sanctions on an India-based couple and eight associated companies for their alleged involvement in facilitating Iran's shadow fleet and oil smuggling network, according to prosecutors. Operation Economic Outcast, led by Treasury, targeted Suniel Kumar Sharma and his wife, Jaspreet Preeti Shahid, as well as numerous businesses.
The couple and companies allegedly provided false flags and maritime certifications, enabling sanctioned vessels to transport Iranian petroleum and bypass international restrictions. The sanctions, under Executive Order 13902, target key sectors of the Iranian economy, including petroleum, petrochemicals, and aviation.
Written by urgent.news from Free Press Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
