Wednesday, May 25, 2016


Iran

Metals Company Executive Charged With Iran Sanctions Violations

U.S. authorities charged the head of an international metals company with exporting to Iran a potentially dangerous metallic powder used for space and nuclear activities, including missile production.

The U.S. Justice Department charges on March 1 against Erdal Kuyumcu, 44, chief executive of Global Metallurgy LLC, carry up to 20 years in prison and a $1 million fine.

Kuyumcu exported cobalt-nickel metallic powder to Iran twice, shipping it first through an intermediary in Turkey to hide its final destination, the department said.

The powder is used as a thermal spray to protect surfaces against corrosion at high temperatures. Kuyumcu allegedly attempted to send more than a thousand pounds of the substance in total.

Under U.S. law, exporting such a powder to Iran is illegal without a license from the U.S. Treasury Department's Office of Foreign Assets Control.

"Those who seek to evade the scrutiny of the regulatory agencies by operating in the shadows present a danger to our national security and our allies abroad," said U.S. Attorney Robert Capers of the Eastern District of New York.

Based on reporting by AFP and AP
 

Most Popular

Editor's Picks