Mon, Feb 08, 2010
Sale To Iran Intentionally Violated Trade Sanctions
The UK-based Balli Aviation Ltd.
pleaded guilty today to two counts of criminal information in
connection with its illegal export of a 747 from the United States
to Iran. Under the terms of the plea agreement, Bali agreed
to pay a $2 million fine and five years of probation.
According to court documents, Balli used its subsidiaries, the
Blue Sky Companies, to gain financing from Iran to purchase and
export three 747s. The jets were used for flights in and out
of Iran. The deal was a major violation of US export laws
based on trade sanctions for Iran.
The case also alleged that Balli continued to conduct
negotiations concerning buying, receiving, using, selling and
delivering US-origin aircraft after being given a Temporary Denial
Order (TDO).
The $2 million fine combined with a related $15 million civil
settlement represents one of the largest fines for violations of
export laws in the history of the US Department of Commerce's
Bureau of Industry and Security (BIS). BIS has agreed to
waive $2 million of the fine if Balli has no further export control
violations.
The five years of probation includes mandatory reporting of
independent auditing of all export operations for Balli and its
parent company, Balli Group PLC. A denial of export
privileges for the companies during this period will be suspended
provided the companies pay their fines and obey export laws.
"Today's case should serve as further warning of Iran's
continued efforts to circumvent sanctions and obtain US
technology," said Adam J. Szubin, Director, Office of Foreign
Assets Control (OFAC).
"As this case demonstrates, corporations that conduct business
with Iran in violation of US export laws and sanctions face serious
consequences," said David Kris, Assistant Attorney General for
National Security.
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