Export Violations: Air Shunt Instruments
Air Shunt Instruments Co, a San Fernando, CA aerospace company, has agreed to settle for $100,000 after being charged with illegal sales to the United Arab Emirates and Thailand. The company has already paid or agreed to pay much of this amount.
The State Department issued a statement Wednesday saying Air Shunt Instruments Inc. signed a consent
agreement this week and agreed to pay a civil penalty of $100,000.
Officials say the penalty will be suspended because the company already has applied $70,000 to remedial compliance measures, and agreed to spend $30,000 on independent audits and security training for staff.
More alarming is this:
Former Vice President for International Sales John Nakkashian was charged with violating the Arms Export Control Act and vanished during a 2007 investigation.
Read the complete article online at the SFGate.
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