SC-Based Company Head Accused of Illegal Exports to Iran
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(WASHINGTON) -- The president of South Carolina-based company, Delfin Group USA, has been arrested and charged with exporting goods from the United States to Iran without the required U.S. Department of the Treasury licenses and with making false statements on official government documents.
Markos Baghdasarian appeared in Georgia court on Monday, after being arrested in that state on Saturday just before boarding a flight to the United Arab Emirates.
Authorities said from June 2010 to October 2011 Baghdasarian allegedly was involved in prohibited transactions with customers in Iran, including Pars Oil -- an oil company owned by the government of Iran.
A criminal complaint affidavit also went on to state that in August 2011 Baghdasarian exported aviation engine oils and other material valued at $850,000 to Iran.
U.S. law prohibits individuals and companies from engaging in commercial transactions involving Iran unless authorized by the U.S. Department of Treasury.
Copyright 2012 ABC News Radio
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