Balli Group Plc

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Group.png Balli Group Plc Company CheckRdf-icon.png
Formation 26 July 1991
Founder • Vahid Alaghband
• Nasser Alaghband
• Hassan Alaghband
• Donald Richard Chilvers
Headquarters London
A trading company of note.

The Balli Group Plc is a privately owned[1] London based company which has traded with Iran.

Staff

The first secretary was Clive George Doxey May.[2] A non-executive director of the group was Lord Norman Lamont, former Chancellor of the Exchequer, from 25 September 1995 to 19 October 2012.[2]

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 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]

2013 administration

In 2013 Privately owned Balli Group plc and two of its affiliates entered administration on March 20, with Deloitte LLP appointed as administrators.[3]

Investigation

The Serious Fraud Office announced on 3 May 2017 that they were investigating Balli Group Plc, Balli Steel and Balli Trading Ltd.[4]



References