U.S. says Berkshire Hathaway to pay $4.1 million to settle alleged Iran sanctions violations

In this news, we discuss the U.S. says Berkshire Hathaway to pay $4.1 million to settle alleged Iran sanctions violations.

WASHINGTON (Reuters) – Berkshire Hathaway Inc BRKa.N will pay $ 4.1 million to settle allegations that the company and one of its Turkish subsidiaries violated sanctions against Iran, the U.S. Department of Justice said on Tuesday. Treasure.

Berkshire and its subsidiary, Iscar Kesici Takim Ticareti ve Imalati Limited Sirket, have agreed to settle their potential liability for 144 alleged violations between December 2012 and January 2016, the department said in a statement.

Reporting by Susan Heavey, editing by Franklin Paul

Original © Thomson Reuters

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