COMPANY MANAGER FINED NEARLY £2 MILLION FOR TRADING WITH IRAN

The judgment determined that the company's manager was aware that the final destination of the merchandise was a group of Iranian companies, despite international restrictions on exports to Iran. The company apparently exported seven sets of equipment – valued at €708,260 – without authorisation to do so.

The judge convicted the manager for a crime of smuggling, sentencing him to sixteen months and one day imprisonment and a fine of €1,841,476. In addition, the judge also imposed a three-year ban on foreign trade relations with the Iranian companies involved while the restrictive measures agreed by the European Union remain in place.