BREAKING NEWS

Spanish firm caught in nuclear smuggling scheme with Iran

By REUTERS

NOVEMBER 26, 2012 21:30

BILBAO - A company from Spain's Basque country smuggled machinery to Iran for likely use in the country's nuclear program through an elaborate scheme involving a shell company in Turkey, Spanish tax authorities said on Monday.

Spain's tax agency said the company had managed to send over seven machines designed to make parts for turbines used in energy plants, in a scheme that violated United Nations security council sanctions against Iran.

A source close to the operation named the company involved as ONA Electroerosion.

The machines, sold for nearly 1 million euros ($1.30 million), were destined for use in Iran's nuclear development program, according to the agency's investigations to date.

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