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[ BBweek] Sony Reports Equipment Sales to Iran That May Violate Sanctions

post #1 of 2
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Sony Corp. (6758) said it sold almost $13 million in video and medical equipment to dealers in Dubai that resold the gear in Iran. The recipients included groups under U.S. sanctions.

In a U.S. filing yesterday, Sony said it sold broadcast equipment, security cameras and video-conferencing gear to dealers in Dubai who planned to resell or resold the products to groups including the Information Technology Department of the Iranian Police and the Islamic Republic of Iran Broadcasting.

The law allows the U.S. to seek fines against companies that supply products used to oppress people in Iran. Sony’s dealings were outlined under requirements that businesses report transactions with Iran or others sanctioned under programs relating to terrorism or the proliferation of weapons of mass destruction, according to the filing by the Tokyo-based consumer electronics company.

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post #2 of 2
Beat up and non story imo. It isn't like Sony breached any sanctions directly - they simply sold products to retailers in Dubai. It is the retailers in Dubai who broke the US sanctions and need to be dealt with - but that won't happen because the UAE is to important to US oil supply and is a key strategic partner in the middle east.
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Overclock.net › Forums › Industry News › Rumors and Unconfirmed Articles › [ BBweek] Sony Reports Equipment Sales to Iran That May Violate Sanctions