Balli Group Plc
 Balli Group Plc  | |
|---|---|
| Headquarters | London |
| A trading company of note. | |
The Balli Group Plc was a privately owned[1] London based company which traded with Iran.
Staff
A non-executive director of the group was Lord Norman Lamont, former Chancellor of the Exchequer.
Iranian aircraft deal
"In February 2008, the US State Department contacted its London Embassy requesting “immediate action” over three Jumbo Jets it believed were bound for Iranian-owned Mahan Air, which is banned from operating within the EC. The Boeing 747-400 aircraft, owned by a US subsidiary of the Balli Group, were undergoing maintenance in South Korea, but the US had “strong reason to believe” they were bound for Mahan Air."[1]
2013 administration
In 2013 Privately owned Balli Group plc and two of its affiliates entered administration on March 20, with Deloitte LLP appointed as administrators.[2]
Investigation
The Serious Fraud Office announced on 3 May 2017 that they were investigating Balli Group Plc, Balli Steel and Balli Trading Ltd.[3]
