Balli Group Plc
|Balli Group Plc|
|Formation||26 July 1991|
|Founder||• Vahid Alaghband|
• Nasser Alaghband
• Hassan Alaghband
• Donald Richard Chilvers
|Headquarters||Mayfair, London, UK|
|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 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". In 2013 the group appointed administrators amid large debts.
The first secretary was Clive George Doxey May. 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.
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." 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."
2013 bankruptcy administration
The Serious Fraud Office announced on 3 May 2017 that they were investigating Balli Group Plc, Balli Steel and Balli Trading Ltd. In Augist 2017 the SFO arrested 7 people "made alongside searches on five premises in London and the southeast".