Iran General NewsBritish firm slapped with bigger US fine over Iran...

British firm slapped with bigger US fine over Iran deal

-

AFP: A British aviation company must pay a total of 17 million dollars for illegally exporting Boeing aircraft to Iran, after a court on Tuesday added two million dollars to a fine levied earlier this year.

WASHINGTON (AFP) — A British aviation company must pay a total of 17 million dollars for illegally exporting Boeing aircraft to Iran, after a court on Tuesday added two million dollars to a fine levied earlier this year.

Balli Aviation Ltd pleaded guilty in February to illegally exporting three Boeing 747 aircraft to Iran between October 2005 and October 2008, and as part of a plea agreement was ordered to pay 15 million dollars in civil penalties.

On Tuesday, the US District Court in Washington DC hit the company with an additional two million dollar fine and placed the company on “corporate probation,” which denies the firm export privileges for five years.

Under the terms of the plea agreement, Balli Aviation will also have to submit to an independent audit of its export compliance over that period.

The results of the audit must be given to US officials, a US Justice Department statement said.

Officials said the 17-million dollar penalty against Balli is one of the largest fines for an export violation ever imposed in the history of the US Commerce Department’s Bureau of Industry and Security (BIS), which regulates the sector.

Latest news

 Statistics show that New Year accidents’ deaths in Iran reached 585

Ahmad Shirani, the head of the Information and Traffic Control Center of the Iranian regime’s police, announced that the...

Land Subsidence in Critical Conditions in Isfahan

Mehdi Toghyani, a member of the Iranian regime’s Majlis (parliament), pointed to the occurrence of land subsidence in various...

Iran’s Actual Inflation Rate Higher Than Official Stats

The state-run Donya-e-eqtesad newspaper, in a report analyzing the "general sentiment" regarding inflation in 2023, has stated that households...

Iranian Workers’ Monthly $136 Wages Can’t Cover $500 Expenses

The lives of a significant portion of the Iranian population are marked by uncertainty, largely because the Iranian economy...

Iranian Nurses Earn Twice Their Wages in Ride-Hailing Services

Reza Aryanpour, a member of the regime’s Majlis (parliament) Health and Treatment Commission, highlighted the growing trend of nurses...

Iran: Unprecedented Record of 152 Million Liters of Gasoline Consumption Per Day

On March 19, Iran set a new historical record in gasoline consumption with 152 million liters consumed in one...

Must read

U.S. may look at Latin American ties with Iran

Journal Sentinel: Judging from what I'm told by senior...

Bit by careful bit, Obama toughens stance on Iran

New York Times: In his first public comments in the...

You might also likeRELATED
Recommended to you