International Trade Law News /title <!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd"> <html xmlns="http://www.w3.org/1999/xhtml" xml:lang="en" lang="en"> <meta name="verify-v1" content="6kFGcaEvnPNJ6heBYemQKQasNtyHRZrl1qGh38P0b6M=" /> <head> <title>International Trade Law News

« Home | Forty Trade Associations Sign Letter Supporting 10... » | California Firm Sentenced While Search for Its Fug... » | DDTC Limits Registration Period to One Year » | Zimbabwe May Seize Foreign Firms to Counter Intern... » | Trade Enforcement Act of 2008 Introduced in Congre... » | Next COAC Meeting to be Held in Seattle on August ... » | BIS Increases Scope of Temporary Denial Order on T... » | Senate Banking Committee Passes Iran Sanctions Leg... » | Taiwan May Relax Restrictions on Chipmakers’ Inves... » | Non-U.S. Trade Controls: The Unfamiliar and Overlo... » 

July 20, 2008 

French Corporation Sentenced to $500,000 Criminal Fine and Two Years Probation for Role in Conspiracy to Export Cryogenic Pumps to Iran

In yet another criminal export control case, Cryostar SAS, a company based in in Hesingue, France that specialized in the design and manufacturing of cryogenic equipment, was sentenced last week in the U.S. District Court for the District of Columbia to pay a criminal fine of $500,000 and two years of corporate probation in connection with its role in a conspiracy with the U.S. subsidiary of Japan-based Ebara Corporation and another French company to export cryogenic submersible pumps from the U.S. to Iran in 2003.

The press release issued by the U.S. Attorney's office indicated that:

The conspirators developed a plan to conceal the export of cryogenic pumps to Iran, under which Ebara would sell and export the pumps to CRYOSTAR in France, which would then resell the pumps to TN, with the ultimate and intended destination being Iran. The conspirators set forth the plan on a “matrix,” which they used as a roadmap, including various procedures to be followed by each company to protect their conduct from detection by United States law enforcement . . . .
Ebara International Corp. paid a $121,000 civil penalty imposed BIS and a $6.3 million criminal penalty in 2004 for its role in the illegal sales and exports of pumps to Iran. In addition, Ebara paid a civil penalty of $44,000 to OFAC for facilitating trade with an Iranian entity, attempting to export goods to Iran and "attempted evasion of the applicable regulations."

Labels: , ,


Editor

Subscribe

Subscribe to our confidential mailing list

Mobile Version

Search Trade Law News

International Trade and Compliance Jobs

Jobs from Indeed

Archives

Categories

Disclaimer

  • This Site is presented for general informational purposes only and does not constitute legal advice. No attorney-client relationship is formed when you use this Site. Do not consider the Site to be a substitute for obtaining legal advice from a qualified attorney. The information on this Site may be changed without notice and is not guaranteed to be complete, correct or up-to-date. While we try to revise this Site on a regular basis, it may not reflect the most current legal developments. The opinions expressed on this Site are the opinions of the individual author.
  • The content on this Site may be reproduced and/or distributed in whole or in part, provided that its source is indicated as "International Trade Law News, www.tradelawnews.com".
  • ©2003-2015. All rights reserved.

Translate This Site


Powered by Blogger