Balli Aviation Ltd., a subsidiary of a
British company, pleaded guilty Friday in the illegal export of Boeing
747 aircraft to Iran.
The subsidiary will pay a $2 million
criminal fine, be placed on probation for five years and agreed to a
$15 million civil settlement between the US government, the
subsidiary and its parent company, British-based Balli Group PLC.
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 license, according to papers filed in federal court
where the subsidiary pleaded guilty Friday. The subsidiary also
admitted it violated a US Commerce Department order that bars the
company from conducting transactions subject to export regulations.
Iranian airline loaned subsidiaries of Balli Aviation money to buy the
planes through a United Arab Emirates company, the court papers in the
case state. Balli Aviation entered into lease agreements with a company
organized under the laws of Armenia and the Iranian airline then used
the capacity of the three aircraft on regular flights in and out of
Iran, the papers add.