×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: EU | Netherlands | Iran Exports

Dutch Company Fined for Exporting Turbine Parts to Iran

Monday, 18 February 2019 12:38 PM EST

THE HAGUE, Netherlands (AP) — A Dutch company has been convicted of illegally exporting to Iran gas turbine parts that could be used in the manufacture of weapons.

A court in the southern province of Limburg convicted Euroturbine BV on Monday of setting up shell construction companies aimed at avoiding Dutch export license requirements that were tightened in 2009. The Dutch company was fined 500,000 euros ($565,383) and a Bahrein-based subsidiary 350,000 ($395,800).

The Limburg Court says the shell constructions were set up "so that gas turbine parts could still be sold to clients in Iran." The court statement did not identify the clients.

The company's director, an indirect shareholder and an employee were sentenced to perform unpaid community service for their roles in the export scam. Their identities were not released.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
A Dutch company has been convicted of illegally exporting to Iran gas turbine parts that could be used in the manufacture of weapons.A court in the southern province of Limburg convicted Euroturbine BV on Monday of setting up shell construction companies aimed at avoiding...
EU,Netherlands,Iran Exports
131
2019-38-18
Monday, 18 February 2019 12:38 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved