NEWYORK: Global crackdown on India by United States, United Kingdom, Canada and Norway exposed India’s corporate misconduct, espionage and world trade violations. As per reports, Indian firms sanctioned by United States and United Kingdom.
As per an announcement on 24 February 2025, US sanctioned 22 entities & 13 vessels (including 4 India-based firms) for their involvement in Iran’s petroleum and petrochemical industry.
This is second batch of Iran sanctions by the Trump administration. The first sanction was imposed over alleged links to Iranian military.
Similarly, UK has also sanctioned Indian based company Inussia Pvt Ltd for engagement with Russia.
Financial observers say that sanctions, bans and espionage scandals came up as a country failing to regulate businesses, losing credibility on the world stage.
According to available details, US sanctioned 22 entities and 13 vessels including four Indian firms BSM Marine LLP, Cosmos Lines Incorporation, Austinship Management Private Limited and Flux Maritime LLP for aiding Iran’s petroleum trade.
UK blacklisted Indian firm Inussia Private Limited for business with Russia, further exposing India’s failure to regulate its global trade practices.
Norwegian Bank bans Adani Ports from its $1.5 trillion wealth fund over human rights violations, proving India’s corporate sector is steeped in unethical practices.
Gurugram based BSM Marine LLP sanctioned by US for managing vessel Yateeka proving India’s blatant disregard for global trade regulations.
Tamil Nadu’s Cosmos Lines Incarporate smuggled Iranian petroleum and now faces US sanctions, exposing India’s growing list of corporate lawbreakers.
Noida’s Austinship Management Private Limited blacklisted by US for managing vessel Amak and conducting illegal petroleum transport from Iran.
Navi Mumbai-based Flux Maritime LLP, established in 2023, lands on US sanctions list, proving India’s lack of corporate oversight.
In August 2023, CBI arrests Canada-based businessman Rahul Gaggal for leaking defense documents, exposing India’s inability to safeguard national security.
Gaggal was accused of sharing sensitive defense documents with a journalist previously arrested for similar offenses.
In February 25, 2025 Canada accused Ankit Srivastava, vice-chair of Srivastava group, of running a pro-India disinformation campaign and influencing Canadian politicians through fake media.
Reports suggest that Srivastava was allegedly tasked by Indian intelligence agencies to influence Canadian politicians and disseminate pro-India rhetoric through fake media outlets.
Norges Bank expels Adani Ports from its investment portfolio after tracking unethical business practice since March 2022.
Gautam Adani’s Myanmar port terminal dealings violated western sanctions, leading to Norway’s decision to blacklist his company.
Since 2014, BJP’s crony capitalism has eroded India’s corporate ethics, Adani benefitting from govt-backed malpractice and regulatory negligence.
Western nations, including US, UK and Norway, clamp down on India’s corporate misconduct, leading to sanctions, bans and diplomatic tensions.
India’s global standing plummets as its firms face US sanctions for Iran ties, UK blacklisting for Russian dealings, and Norway’s rejection over unethical business.
The world tightens its grip on India’s reckless corporate sector as major global powers expose its role in smuggling, espionage, and disinformation.
