Indian Firm, President Settle BIS Charge of Iran Export

October 9, 2017

Publication: 

Export Practitioner

Related Country: 

  • India

Indian resident Narender Sharma and his company Hydel Engineering Products agreed on August 31, 2017 to pay the U.S. Commerce Department's Bureau of Industry and Security (BIS) $100,000 to settle a charge of shipping a U.S.-origin waterway barrier debris system to Iran in 2011. The system is designated as EAR99 and its export to Iran would have required an authorization from the Treasury Department. Sharma and Hydel arranged for the system to be sent to Iran via the United Arab Emirates. The system was destined for Mahab Ghodss, an Iranian government entity added to Treasury’s Specially Designated Nationals (SDN) list in August 2010. The conspiracy also involved an Ohio-based firm, Worthington Products, Inc., and its president, Paul Meeks, who agreed to pay BIS $250,000 in June 2016 to settle a related charge. Meeks/Worthington could not sell directly to Iran and used Hydel/Sharma to do so. The shipment was detained by Customs and Border Protection before it could be exported from the United States.