Raleigh company sentenced for doing business with Iran
Posted July 30, 2008 2:17 p.m. EDT
Updated July 31, 2008 4:26 p.m. EDT
Raleigh, N.C. — A research and development company with offices in Raleigh has been sentenced to a $500,000 criminal fine and placed on probation for two years for violating United States law by conducting business with Iran, U.S. Attorney George E.B. Holding said.
Allied Telesis Labs, Inc. (ATL) was sentenced in U.S. District Court in Elizabeth City on Monday.
The company had previously pled guilty to conspiracy to violate the International Emergency Economic Powers Act. The plea acknowledged that the corporation conspired with another to trade with the Islamic Republican of Iran in violation of the law.
ATL and its related corporate entities conspired to land and execute a $95,000 contract with Iranian Information Technology Company to rebuild and upgrade the telecommunications systems in about 20 Iranian cities, according to a press release from Hoding’s office.
Previously known as Allied Telesyn Network, the company has offices in North Carolina State University's Centennial Campus in Raleigh.
ATL is a subsidiary of Allie Telesis Kabushi Kaisha, a global holding company based in Tokyo. Either directly or through subsidiaries, ATKK engages in the design and manufacture, sale and installation of telecommunication systems.