Motor Oil Exec Indicted Over Alleged Iran Export Scheme

Law360, New York (June 15, 2012, 7:04 PM EDT) -- The president of a South Carolina motor oil company accused of attempting to evade the U.S. trade embargo with Iran by sending his shipments through the United Arab Emirates has been indicted, the U.S. Department of Justice announced Friday.

Delfin Group USA LLC President Markos Baghdasarian was indicted in South Carolina federal court for allegedly managing a scheme to skirt the Iran embargo, weeks after the man was apprehended while attempting to leave the country.

“Baghdasarian did knowingly and willfully combine, conspire, confederate and agree with...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

USA v. Baghdasarian


Case Number

2:12-mj-00083

Court

South Carolina

Nature of Suit

Date Filed

May 17, 2012

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.