Great Wall supplying Iran’s military and Iranian proliferators with missile-related components

Added to the Specially Designated National (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on August 15, 2006, blocking its property under U.S. jurisdiction and prohibiting transactions with U.S. parties, pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction (WMD) and their delivery systems; removed from the SDN list on December 12, 2006 after appealing to OFAC for removal.

A joint venture cargo airline majority-owned (51%) by Beijing Aerospace Satellite Applications Corporation, a wholly-owned subsidiary of China Aerospace Science and Technology Corporation (CASC); remaining shares held by Singapore Airlines Cargo and Dahlia Investments, which hold 25 percent and 24 percent, respectively; operates two Boeing 747-400 aircraft.

Reportedly suspended operations shortly after being designated; former majority shareholder China Great Wall Industry Corporation (CGWIC) was designated by the U.S. Treasury Department on June 13, 2006, for allegedly supplying “Iran’s military and Iranian proliferators with missile-related and dual-use components.”

CGWIC, a wholly-owned subsidiary of CASC, reportedly transferred its 51% stake in Great Wall Airlines to Beijing Aerospace Satellite Applications Corporation in November 2006; established in 2006.

Source: / Iranwatch /

You May Be Interested