Status of Chinese People

About China and Chinese people's living condition

  • China Organ Harvesting Report, in 19 languages

  • Torture methods used by China police

  • Censorship

  • Massive protests & riots in China

  • Top 9 Posts (In 48 hours)

  • All Topics

  • Books to Read

    1. A China More Just, Gao Zhisheng
    2.Officially Sanctioned Crime in China, He Qinglian
    3.
    Will the Boat Sink the Water? Chen Guidi, Wu Chuntao
    4.
    Losing the New China, Ethan Gutmann
    5.
    Nine Commentaries on The Communist Party, the Epochtimes
  • Did you know

    Reporters Without Borders said in it’s 2005 special report titled “Xinhua: the world’s biggest propaganda agency”, that “Xinhua remains the voice of the sole party”, “particularly during the SARS epidemic, Xinhua has for last few months been putting out news reports embarrassing to the government, but they are designed to fool the international community, since they are not published in Chinese.”
  • RSS Feeds for Category

    Organ Harvesting

    Human Rights

    Made in China

    Food

    Health

    Environment

    Protest

    Law

    Politics

    Feed address for any specific category is Category address followed by 'Feed/'.

  • Enter your email address to subscribe to this blog and receive notifications of new posts by email.

    Join 223 other followers

China Firm Indicted in Financing Military Sales to Iran

Posted by Author on April 10, 2009

By Colum Lynch, Washington Post Staff Writer, Wednesday, April 8, 2009-

NEW YORK, April 7
— A Manhattan grand jury on Tuesday indicted a Chinese executive and his company on charges of covertly using New York banks to finance the sale of tons of restricted materials to Iran, potentially supporting Tehran’s ballistic missile and nuclear programs in violation of U.N. sanctions.

The indictment, announced by Manhattan District Attorney Robert M. Morgenthau, accused Li Fang Wei and his company, LIMMT Economic and Trade Co., of selling high-strength metals with military applications to subsidiaries of an Iranian military agency. Many of the items are on international control lists designed to restrict the export to select countries of technologies that can be used for military programs.

The case exposed a major gap in China’s enforcement of a web of international export controls and U.N. resolutions designed to prevent Iran from acquiring raw materials for its nuclear and ballistic missile programs, according to arms-control experts.

The indictment charged Li and his company with 118 criminal counts of falsifying business records, saying the company “engaged in deception and fraud” and used “alias names and shell companies to deceive U.S. financial institutions into processing its international payments.”

“Sanctions are effective only if they are enforced,” said Morgenthau, who noted that Li is at large in China. “We may not be able to shut down Li’s factories, but we can shine a light on his conduct and the conduct of foreign banks that permit these types of operations to flourish.”

The Treasury Department sanctioned LIMMT in June 2006 for its alleged role in selling prohibited weapons parts and banned it from carrying out transactions within the U.S. financial system. Li’s customers included a number of subsidiaries of the Iranian Defense Industries Organization. The indictment describes several Iranian transactions involving those firms, including a June 2008 deal to sell 27 tons of extremely high-strength “maraging” steel rods to Amin Industrial Group for about $1.8 million. Li secretly channeled payments to customers through several American banks, including Bank of America, Citibank and J.P. Morgan Chase, according to the indictment.

David Albright, a nuclear weapons expert who assisted in the prosecution, said that it is impossible to say how Iran used the raw materials it acquired. But he said the steel can be used to fortify missile bodies, and another acquisition, tungsten copper plates, can be used in the manufacture of engine nozzles that shield a missile body from the intense heat of flames.

– Washington Post: Chinese Firm Indicted in Sales to Iran

Sorry, the comment form is closed at this time.