Firm pleads guilty to export of aircraft to Iran

A subsidiary of a British company today pleaded guilty over the illegal export of Boeing 747 aircraft to Iran.

Balli Aviation Ltd will pay a two million dollar criminal fine, be placed on probation for five years and agreed to a $15m civil settlement between the US government, the subsidiary and its parent company, British-based Balli Group Plc.

According to papers filed in federal court where the subsidiary pleaded guilty, Balli Aviation Ltd conspired to export three Boeing 747 aircraft from the United States to Iran from 2005 to 2008 without having obtained a required export licence.

The subsidiary also admitted it violated a US Commerce Department order that bars the company from conducting transactions subject to export regulations.


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