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Chinese Metals Dealer Indicted for Dodging Sanctions in Iranian Weapons Deals
By Matt Squire
printNew York state prosecutors charged a blacklisted Chinese metals dealer Tuesday with illegally circumventing U.S. economic sanctions through shell companies to utilize Manhattan banks. Li Fang Wei and his Dalian, China-based company Limmt Economic Trade Co. conducted dozens of illegal transactions between November 2006 and September 2008 with New York banks, according to the 118-count indictment filed by the Manhattan District Attorney's office. The transactions involved deals to further Iran's purported nuclear weapons program, according to the indictment. The transactions with Limmt, which was blacklisted by the U.S. Treasury Department in June 2006, involved at least six New York banks...
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