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The Economic Times
The Economic Times

US sanctions Iran-linked buyers of sensitive military technology

The United States announced Friday that it is "dismantling a sophisticated Iranian network" used to obtain sensitive military technology.

The network "impersonated and defrauded" dozens of American technology companies out of millions of dollars to "acquire advanced equipment -- including spectrum analyzers and security detection devices -- for Iran's defense sector," State Department Tommy Pigott said in a statement.

Also read: US imposes fresh sanctions on Iran's military oil sales, Treasury says

The statement did not name the technology companies who were lured into doing business through fake websites that "mimicked real American companies, using intermediaries in Dubai to receive shipments, and then smuggling the technology into Iran in violation of US sanctions."

The network was led by Iran-based Ali Majd Sepehr, the State Department spokesman said.

On Thursday, the State Department announced a $15 million reward for any information "leading to the disruption of the financial mechanisms of Iran's Islamic Revolutionary Guard Corps (IRGC) and its various branches."

Also read: US imposes sanctions on Iranian agency trying to control shipping in the Strait of Hormuz

On Friday the White House said US President Donald Trump will only sign an agreement to end the war with Iran if it meets all his demands, amid uncertainty over the outcome of talks between Tehran and Washington.

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