Firm Pleads Guilty to Illegal Iran Trading Scheme
A telecommunications equipment company with offices on North Carolina State University's Centennial Campus pleaded guilty Tuesday to trying to illegally trade with Iran, authorities said.Posted — Updated
Allied Telesis Labs Inc. pleaded guilty to conspiracy to violate the International Emergency Powers Act and agreed to pay a $500,000 fine.
The company, which designs and manufactures telecommunications equipment, including devices capable of routing a large volume of data, conspired to obtain a $95 million contract with the Iranian Information Technology Company to rebuild the telecommunications systems of approximately 20 Iranian cities, including Tehran, authorities said.
Devices developed in Raleigh were to be a central component of the systems, authorities said, but the contract negotiations eventually collapsed.
Allied Telesis Labs is a subsidiary of Allied Telesis Inc., which is headquartered in Bothell, Wash. That company is a subsidiary of Allied Telesis Kabushi Kaisha, a global holding company based in Tokyo.
Copyright 2023 by Capitol Broadcasting Company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.