Friday, 28 June 2013

Sony says Dubai dealers sold Iran $12.8 million in equipment | 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."

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