Difference between revisions of "Balli Group Plc"

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{{group
 
{{group
 
|headquarters=London
 
|headquarters=London
−
|description=A trading company of note.
+
|website=http://balli.co.uk
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|logo=Balli.gif
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|description=A trading company that
 
|start=26 July 1991  
 
|start=26 July 1991  
 +
|headquarters=Mayfair, London, UK
 +
|subgroups=Balli Aviation
 +
|sfo=https://www.sfo.gov.uk/cases/balli-group/
 +
|endole=https://suite.endole.co.uk/insight/company/02632984-balli-group-plc
 
|founders=Vahid Alaghband, Nasser Alaghband, Hassan Alaghband, Donald Richard Chilvers
 
|founders=Vahid Alaghband, Nasser Alaghband, Hassan Alaghband, Donald Richard Chilvers
 +
|companieshouse=https://beta.companieshouse.gov.uk/company/02632984
 
|companycheck=https://companycheck.co.uk/company/02632984/BALLI-GROUP-PLC/companies-house-data
 
|companycheck=https://companycheck.co.uk/company/02632984/BALLI-GROUP-PLC/companies-house-data
 +
|description=A privately held company with a subsidiary, [[Balli Aviation]] that in 2010 pleaded guilty to charges of illegally exporting Boeing aircraft to [[Iran]], in breach of sanctions.
 
}}
 
}}
  
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The '''Balli Group Plc''' is a privately owned<ref name=tele/> London based company which has traded with [[Iran]].
+
The '''Balli Group Plc''' is a privately owned<ref name=tele/> Mayfair based company which has traded with [[Iran]]. Its subsidiary, [[Balli Aviation]] "pleaded guilty... in the U.S. District Court for the District of Columbia to a two-count criminal information in connection with its illegal export of commercial Boeing 747 aircraft from the United States to Iran".<ref name=justice/> In 2013 the group appointed administrators amid large debts.<ref>https://www.thetimes.co.uk/article/seven-arrested-in-sfo-s-balli-investigation-mf8kvkhws</ref>
  
 
==Staff==
 
==Staff==
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The first secretary was [[Clive George Doxey May]].<ref name=cc>https://companycheck.co.uk/company/02632984/BALLI-GROUP-PLC/companies-house-data</ref>
+
The first secretary was [[Clive George Doxey May]].<ref name=cc>https://companycheck.co.uk/company/02632984/BALLI-GROUP-PLC/companies-house-data</ref> A non-executive director of the group was UK [[deep politician]] Lord [[Norman Lamont]], former [[Chancellor of the Exchequer]], former [[Chair of Le Cercle]], from 25 September 1995 to 19 October 2012.<ref name=cc/>
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A non-executive director of the group was Lord [[Norman Lamont]], former [[Chancellor of the Exchequer]], from 25 September 1995 to 19 October 2012.<ref name=cc/>
 
  
 
==Iranian aircraft deal==
 
==Iranian aircraft deal==
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"In February 2008, the [[US State Department]] contacted its London Embassy requesting “immediate action” over three Jumbo Jets it believed were bound for Iranian-owned [[Mahan Air]], which is banned from operating within the EC. The Boeing 747-400 aircraft, owned by a US subsidiary of the Balli Group, were undergoing maintenance in South Korea, but the US had “strong reason to believe” they were bound for Mahan Air."<ref name=tele>http://www.telegraph.co.uk/news/worldnews/wikileaks/8299355/WikiLeaks-cables-British-firms-made-millions-from-trading-with-Iranians.html</ref>
+
"In February 2008, the [[US State Department]] contacted its London Embassy requesting “immediate action” over three Jumbo Jets it believed were bound for Iranian-owned [[Mahan Air]], which is banned from operating within the EC. The Boeing 747-400 aircraft, owned by [[Balli Aviation]], a US subsidiary of the Balli Group, were undergoing maintenance in [[South Korea]], but the US had “strong reason to believe” they were bound for Mahan Air."<ref name=tele>http://www.telegraph.co.uk/news/worldnews/wikileaks/8299355/WikiLeaks-cables-British-firms-made-millions-from-trading-with-Iranians.html</ref> In 2010 the [[US DOJ]] announced that "Balli Group PLC and Balli Aviation Ltd. have agreed to pay a civil penalty of $15 million of which $2 million will be suspended if there are no further export control violations."<ref name=justice>https://www.justice.gov/opa/pr/uk-firm-pleads-guilty-illegally-exporting-boeing-747-aircraft-iran</ref>
  
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==2013 administration==
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==2013 bankruptcy administration==
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In 2013 Privately owned Balli Group plc and two of its affiliates entered administration on March 20, with Deloitte LLP appointed as administrators.<ref name=reut>http://uk.reuters.com/article/uk-balli-steel-administration-iran-idUKBRE9310KS20130402</ref>
+
Balli Group plc and two of its affiliates entered administration on 20 March 2013, with Deloitte LLP appointed as administrators.<ref name=reut>http://uk.reuters.com/article/uk-balli-steel-administration-iran-idUKBRE9310KS20130402</ref>  The group had debts of more than £834 million.<ref>https://www.businessinsider.com/sfo-investigating-balli-group-linked-to-former-chancellor-lord-lamont-2017-6</ref>
  
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==Investigation==
+
==Exposure==
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The [[Serious Fraud Office]] announced on 3 May 2017 that they were investigating Balli Group Plc, [[Balli Steel]] and [[Balli Trading Ltd]].<ref>https://www.sfo.gov.uk/cases/balli-group/</ref>
+
The US embassy cables came to light through [[Wikileaks]].<ref>https://www.telegraph.co.uk/news/worldnews/wikileaks/8299355/WikiLeaks-cables-British-firms-made-millions-from-trading-with-Iranians.html</ref>
 +
 
 +
==SFO Investigation==
 +
The [[Serious Fraud Office]] announced on 3 May 2017 that they were investigating Balli Group Plc, [[Balli Steel]] and [[Balli Trading Ltd]].<ref>https://www.sfo.gov.uk/cases/balli-group/</ref> In Augist 2017 the SFO arrested 7 people "made alongside searches on five premises in London and the southeast".<ref>https://www.thetimes.co.uk/article/seven-arrested-in-sfo-s-balli-investigation-mf8kvkhws</ref>
 
{{SMWDocs}}
 
{{SMWDocs}}
 
==References==
 
==References==
 
{{reflist}}
 
{{reflist}}

Latest revision as of 18:03, 11 July 2019

Group.png Balli Group Plc Companies House Company Check Endole WebsiteRdf-entity.pngRdf-icon.png
Balli.gif
Formation26 July 1991
Founder•  Vahid Alaghband
•  Nasser Alaghband
•  Hassan Alaghband
•  Donald Richard Chilvers
HeadquartersMayfair, London, UK
Subgroups Balli Aviation
A privately held company with a subsidiary, Balli Aviation that in 2010 pleaded guilty to charges of illegally exporting Boeing aircraft to Iran, in breach of sanctions.

The Balli Group Plc is a privately owned[1] Mayfair based company which has traded with Iran. Its subsidiary, Balli Aviation "pleaded guilty... in the U.S. District Court for the District of Columbia to a two-count criminal information in connection with its illegal export of commercial Boeing 747 aircraft from the United States to Iran".[2] In 2013 the group appointed administrators amid large debts.[3]

Staff

The first secretary was Clive George Doxey May.[4] A non-executive director of the group was UK deep politician Lord Norman Lamont, former Chancellor of the Exchequer, former Chair of Le Cercle, from 25 September 1995 to 19 October 2012.[4]

Iranian aircraft deal

"In February 2008, the US State Department contacted its London Embassy requesting “immediate action” over three Jumbo Jets it believed were bound for Iranian-owned Mahan Air, which is banned from operating within the EC. The Boeing 747-400 aircraft, owned by Balli Aviation, a US subsidiary of the Balli Group, were undergoing maintenance in South Korea, but the US had “strong reason to believe” they were bound for Mahan Air."[1] In 2010 the US DOJ announced that "Balli Group PLC and Balli Aviation Ltd. have agreed to pay a civil penalty of $15 million of which $2 million will be suspended if there are no further export control violations."[2]

2013 bankruptcy administration

Balli Group plc and two of its affiliates entered administration on 20 March 2013, with Deloitte LLP appointed as administrators.[5] The group had debts of more than £834 million.[6]

Exposure

The US embassy cables came to light through Wikileaks.[7]

SFO Investigation

The Serious Fraud Office announced on 3 May 2017 that they were investigating Balli Group Plc, Balli Steel and Balli Trading Ltd.[8] In Augist 2017 the SFO arrested 7 people "made alongside searches on five premises in London and the southeast".[9]

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References

  1. ↑ a b http://www.telegraph.co.uk/news/worldnews/wikileaks/8299355/WikiLeaks-cables-British-firms-made-millions-from-trading-with-Iranians.html
  2. ↑ a b https://www.justice.gov/opa/pr/uk-firm-pleads-guilty-illegally-exporting-boeing-747-aircraft-iran
  3. ↑ https://www.thetimes.co.uk/article/seven-arrested-in-sfo-s-balli-investigation-mf8kvkhws
  4. ↑ a b https://companycheck.co.uk/company/02632984/BALLI-GROUP-PLC/companies-house-data
  5. ↑ http://uk.reuters.com/article/uk-balli-steel-administration-iran-idUKBRE9310KS20130402
  6. ↑ https://www.businessinsider.com/sfo-investigating-balli-group-linked-to-former-chancellor-lord-lamont-2017-6
  7. ↑ https://www.telegraph.co.uk/news/worldnews/wikileaks/8299355/WikiLeaks-cables-British-firms-made-millions-from-trading-with-Iranians.html
  8. ↑ https://www.sfo.gov.uk/cases/balli-group/
  9. ↑ https://www.thetimes.co.uk/article/seven-arrested-in-sfo-s-balli-investigation-mf8kvkhws
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