Enter query terms separated by spaces.

Search for:
Display results by:
Search from:
 
through:
 

Two U.S. Companies Pay Fines for Illegal Exports to South Asia From Friday, November 14, 2003 issue.

Two U.S. Companies Pay Fines for Illegal Exports to South Asia


The U.S. Commerce Department’s Bureau of Industry and Security announced this week that two U.S. companies have agreed to pay civil fines for illegal exports to India and Pakistan (see GSN, Nov. 3).

The Florida-based Future Metals Inc. has agreed to pay a fine of $180,000 to settle charges of violating U.S. export regulations on 40 occasions with unlicensed exports to India, the bureau said in a press release. BIS had charged that between July 1998 and October 2000, Future Metals had exported aluminum bars to India without obtaining the required export licenses. Export of the bars to India is controlled for nuclear nonproliferation reasons, the bureau said (U.S. Bureau of Industry and Security release I, Nov. 12).

In addition, Connecticut-based Omega Engineering Inc. has agreed to pay a $187,000 fine for illegally exporting laboratory equipment to Pakistan, the bureau said (see GSN, April 30). Both the company and its vice president, Ralph Michael, were also barred from exporting goods to Pakistan for five years (U.S. Bureau of Industry and Security release II, Nov. 12).


Back to top
   

 

About Newswire  |  Contact National Journal  |  Re-Use Guidelines

© Copyright 2008 by National Journal Group, Inc. The material in this section is produced independently for NTI by National Journal Group, Inc. Any reproduction or retransmission, in whole or in part, is a violation of federal law and is strictly prohibited without the consent of the National Journal Group, Inc. All rights reserved.