Reuters: Technology News: Sony says Dubai dealers sold Iran $12.8 million in equipment

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Sony says Dubai dealers sold Iran $12.8 million in equipment Jun 28th 2013, 03:55 Tweet Share this Email Print Related News UPDATE 2-UK top court ruling threatens Western sanctions against Iran Wed, Jun 19 2013 Iran's Rohani hopes all will seize chance of friendly ties Mon, Jun 17 2013 Iran's new president hails 'victory of moderation' Sat, Jun 15 2013 Iran votes for new president, Khamenei slams U.S. doubts Fri, Jun 14 2013 Hardliners still split as Iran election campaign ends Thu, Jun 13 2013 Analysis & Opinion Lessons for interpreting Iran U.S. Republican battles over Medicaid turn to God and morality Sony Corp's logo is seen at the company headquarters in Tokyo May 22, 2013. Credit: Reuters/Toru Hanai Thu Jun 27, 2013 11:34pm EDT (Reuters) - Sony Corp said some dealers in Dubai resold about $12.8 million worth of its video equipment and medical instruments to Iranian ministries, in a move that could possibly attract U.S. penalties. The dealers resold some equipment to Iran's broadcasting unit and health ministry, and some also planned to sell equipment to the information technology department of the country's police, the firm said in a filing with the U.S. regulator. "If the relevant authorities were to impose penalties or sanctions against Sony, the impact of such sanctions could be material," the company said in Thursday's filing with the U.S. Securities and Exchange Commission. Sony said it followed policies and procedures designed to keep transactions with Iran in line with applicable economic sanctions laws, but there could be no assurance such measures would be effective. It listed four Iran-related transactions, in three of which it made net profit of less than $500 million, while taking a loss in the fourth, but did not say how much. Washington has been cracking down on companies accused of evading Iran sanctions. The United States and Europe have imposed sanctions against specific Iranian individuals, state institutions or companies in so far unavailing efforts to persuade Tehran to rein in enrichment of uranium and open up to U.N. inspectors in exchange for phased relief from tightening financial isolation. Western nations believe the Islamic Republic is attempting to develop the means to build atomic bombs. Iran says the nuclear program is solely for electricity generation and medical uses. Sony said it may conduct additional future sales in Iran through third-party owned dealers or distributors, which may require disclosure under U.S. laws. "Sony intends to conduct any such sales in accordance with applicable law," it added. (Reporting by Sakthi Prasad in Bangalore; Editing by Clarence Fernandez) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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