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Violation Tracker Individual Record

Company: Soltech Industry Co. Ltd.
Penalty: $83,769
Year: 2023
Date: April 18, 2023
Offense Group: competition-related offenses
Primary Offense: export control violation
Violation Description: Taiwan business organization DES International Co. Ltd. (DES), and Brunei business organization Soltech Industry Co. Ltd. (Soltech) each pleaded guilty to conspiring to defraud the United States and to violate the International Emergency Economic Powers Act and the Iranian Transactions and Sanctions Regulations. The two companies were each sentenced to pay a fine of $83,769, which is three times the value of the goods unlawfully exported to Iran, and to serve a five-year term of corporate probation.
Level of Government: federal
Action Type: agency action
Agency: Justice Department National Security Division
Civil or Criminal Case: criminal
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.