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

What Is Happening in Iran?

Following the brutal killing of Masha Amini, the Iranian people have once again united to fight and defeat the...

Iran Regime’s Ministry of Culture’s Decision To Eliminate Children’s Intellectual Centers

With the so-called ‘Cultural Revolution’ which took place between 1980 and 1983, the Iranian regime tried to purge the...

Water Shortage Crisis and the Destruction of Iran’s Water Resources

Iran is currently suffering from a number of dangerous natural disasters. One of the most worrying is the drying...

Economic Freedom Under the Rule of the Mullahs in Iran

The Fraser institute published its annual report of the index of economic freedom on September 8, which measured the...

Iran’s Regime Continues Its Internet Restriction Project

This is part of the outlook of a document by the Iranian regime’s Supreme Council of Cyberspace, which has...

Iran’s Human Development Index Dropped Sharply

One of the most common questions asked in primary schools by teachers all over the world is, “wealth or...

Must read

Pope seeks more freedom for Catholics in Iran

AP: Pope Benedict XVI urged Iranian authorities on Thursday...

Graffiti in Iran capital calls for further strikes, sanctions

Iran Focus: Tehran, Oct. 05 - From the Grapevine......

You might also likeRELATED
Recommended to you