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Rolls-Royce exploited US sanctions loopholes to trade with Iran

21 Dec 2016 - 15:17


The Guardian- Leaked 2009 memo to then CEO Sir John Rose shows state-owned firms bought nearly 100 turbines between 1975 and 1995

Rolls-Royce sold equipment to Iran for decades, a confidential company memo reveals, exploiting a series of loopholes in US sanctions to avoid breaking the law.

The Iranian government amassed the world’s largest collection of the British engineering group’s signature turbine and booked millions of pounds of orders each year, according to a briefing drafted in 2009 for the company’s then chief executive, Sir John Rose

Trading in Iran appears to have carried on despite the enormous political risk of being seen to avoid US sanctions.

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Story Code: 243804

News Link :
https://www.theiranproject.com/en/news/243804/rolls-royce-exploited-us-sanctions-loopholes-to-trade-with-iran

The Iran Project
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