Iranian Entity: Farasakht Industries

Farasakht Industry

Subsidiary of HESA (Iran Aircraft Manufacturing Industries - see separate entity record); specializes in manufacturing aerospace tools and equipment; designs and produces aeronautical parts and assemblies.

Added to the Specially Designated National (SDN) list maintained by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) on September 17, 2008, freezing its assets under U.S. jurisdiction and prohibiting transactions with U.S. parties, pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction (WMD) and their delivery systems; the designation was part of sanctions against Iranian military end-users which obtained sensitive U.S.-origin goods through Iranian procurement front companies, resulting in criminal indictment by the U.S. Justice Department of Ali Akbar Yahya, F.N. Yaghmaei, Mayrow General Trading, Atlinx Electronics, Micatic General Trading, Madjico Micro Electronics, Al-Faris, Neda Industrial Group, Bahman Ghandi, Farshid Gillardian, Kaam Chee Mun, Djamshid Nezhad, Ahmad Rahzad, Majid Seif, Eco Biochem Sdn BHD and Vast Solution Sdn BHD (see separate entity records).