Islamabad: An Indian firm has been evading US sanctions by importing Iranian petrochemicals through deceptive routing practices.
According to Kashmir Media Service, the revelations have triggered heightened scrutiny over possible illicit trade mechanisms and the concealment of shipment origins.
A new study has revealed what experts describe as blatant attempts by the firm to bypass US sanctions.
According to details, the company produced 2.6 million metric tons of granulated urea from Iran. The shipment was routed through Oman to create a false impression of its origin.
The vessel, MV Infinity, reportedly sailed to Oman as part of this deceptive operation. Experts say this move appears to have been designed to bypass restrictions on trade with Iranian exporters.
Related transactional documents have reportedly surfaced online, further intensifying regulatory scrutiny.
Trade analysts warn that the firm could potentially face secondary US sanctions if the allegations are substantiated.
The US has sanctioned eight India-based companies and five Indian nationals as part of its latest Iran-related sanctions action targeting entities engaged in trade of Iranian oil, petroleum products, and petrochemicals, and those identified as part of a shipping empire controlled by Mohammad Hossein Shamkhani — the son of Ali Shamkhani, a top political advisor to the Supreme Leader of Iran.
