US firm, CEO admit weapon, nuclear-linked export violations

[bananas]

http://afp.google.com/article/ALeqM5h-lvnNCVaOd1RryE3D2_hCJE8Ssg

US firm, CEO admit weapon, nuclear-linked export violations

2 days ago

WASHINGTON (AFP) — A US company and the Indian head of an international firm have admitted to violating laws on export of weapons technology and nuclear power testing equipment to India, the US Justice Department said Thursday.

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Parthasarathy Sudarshan, the Indian CEO of Cirrus Electronics with offices in the United States, Singapore and India, pleaded guilty in Washington Thursday to a charge of shipping restricted weapons technology to the Indian government.

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In the second case, Minnesota company MTS Systems Corp. was fined 400,000 dollars after it pleaded guilty Wednesday in connection with submitting false US export license applications over proposed shipments to India, the Justice Department said.

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"In this case, the omission clearly was an attempt to disguise the end-use of testing structural components of nuclear-power plants," said Assistant Secretary of Commerce for Export Enforcement Darryl Jackson.

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[Narkos]

1. Just let the "free market" sort this out. It's obviously works!