Balli Aviation Ltd., a subsidiary of the UK-based Balli Group PLC, pleaded guilty today in D.C. district court to a two-count criminal indictment that it illegally exported a commercial Boeing 747 plane from the U.S. to Iran, the Justice Department said.
Under the plea agreement, Balli Aviation Ltd. agreed to pay a $2 million criminal fine, a $15 million civil settlement, and to be placed on corporate probation for five years.
Balli Aviation's CEO holds both a B.S. and M.S. from Cornell.
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