US sanctions Indian companies over Iran maritime fraud
The Treasury's new US sanctions Indian companies round names Chandigarh-based Suniel Kumar Sharma and Jaspreet Preeti Shahid over alleged maritime fraud for Iran.
The US Treasury on Wednesday sanctioned what it called a vast criminal network run by two Indian nationals aiding Iran's shadow oil tanker fleet.
Officials said the network helped Iranian vessels sail under false flags and obtain fake maritime certifications.
Suniel Kumar Sharma and Jaspreet Preeti Shahid, based in Chandigarh, were named; two other Indian nationals and several companies were also targeted.
Türkiye-based Fugo Ground Services Inc was sanctioned for allegedly serving Iran's aviation sector.
Earlier this month, Washington sanctioned remnants of Iran's shadow fleet, affecting 17 tankers.