Info:
Berkshire Hathaway is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. The company is known for its control and leadership by Warren Buffett, who serves as chairman and chief executive, and by Charlie Munger, one of the company’s vice-chairmen;
Berkshire Hathaway Inc. (“Berkshire”), a company based in Omaha, Nebraska, has agreed to pay $4,144,651to settle its potential civil liability for trade-related transactions and exports to Iran engaged in by its indirectly wholly owned Turkish subsidiary, Iscar Kesici Takim Ticareti ve Imalati Limited Sirket(“Iscar Turkey”). Iscar Turkey sold cutting tools and related inserts to two third-party Turkish distributors knowing that such goods would be shipped to a distributor in Iran for resale to Iranian end-users, including several entities later identified as meeting the definition of the Government of Iran, in violation of Berkshire’s compliance policies. IscarTurkeytook steps to obfuscateits dealings with Iran, including concealing these activities from Berkshire. Iscar Turkey’s conduct in this matter, as further detailed below, represents particularly serious apparent violations of the law calling for a strongenforcement action;
Berkshire Hathaway is partner with Iran Reinsurance Company, according to the official website of Iran Reinsurance Company. Iran Regime and IRGC through Bank Pasargad controls Iran Reinsurance Company. Iran Reinsurance Company is working with international companies around the world and through these companies IRGC is operating in the world;
Also Known As:
Berkshire
Country:
United States
Person of interests:
Warren E. Buffett – (Chairman & CEO)
Charles T. Munger – (Vice Chairman)
Ajit Jain – (Vice Chairman of Insurance Operations)