WHAT HEELS: Embargo? What Embargo?

Less than a year after setting with several journalists for spying on them and their families, Hewlett-Packard is coming under scrutiny by U.S. officials for circumventing the trade embargo with Iran, reports The Boston Globe:

 

In 1997, two years after President Clinton banned trade with Iran, HP struck a partnership with a newly formed company in Dubai to sell its products in the Middle East. At the time, the company, called Redington Gulf, had only three employees and its sole purpose was to "sell HP supplies to the Iran market," says a history on Redington Gulf's website and Rajesh Chandragiri, the administrative manager in Redington Gulf's Dubai office. …

 

In any case, HP's ability to avoid sanctions undermines the impact of the US economic boycott of Iran, which President Clinton announced in 1995 to pressure the country to stop funding militant groups Hamas and Hezbollah, and to curb its nuclear program, which the US government fears is aimed at building a nuclear weapon. …

 

Andrew DeSouza - a spokesman for the US Treasury Department, which is charged with administering the sanctions - said U.S. companies are barred from selling their goods to a distributor if they have "knowledge or reason to know" that the goods are intended for Iran.

 

If, for example, a U.S. company dealt with a distributor that operates predominantly in Iran, then the company could be held liable for violating sanctions laws, he said.

 

An HP spokesperson contacted by the paper pulled a Sgt.Schultz ("I know nothing, nothing!").

 

What did you think of this article?




Trackbacks
  • No trackbacks exist for this post.
Comments
  • No comments exist for this post.
Leave a comment

Submitted comments are subject to moderation before being displayed.

 Name (required)

 Email (will not be published) (required)

 Website

Your comment is 0 characters limited to 3000 characters.