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Balli group

Clarifying the Iran Deal

Vahid Alaghband  —  Feb 25, 2010

In the Feb. 19 news article, “Cornell University Alum Fined $17 Million for Iran Deal,” Professor John J. Barcelo III, Law, is spot on in finding it “really astounding ... that [Balli] could have been involved in a violation of that kind.” You don’t need a distinguished professor of law to tell you that a billion dollar business like Balli would know better than to sell Boeing 747s to Iran in breach of US sanctions. Which is precisely why Balli Aviation’s “deal” was never about selling aircraft to Iran in breach of US sanctions.

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