Review finds one foreign firm with ties to both U.S. and Iran

A review of foreign businesses contracting with the U.S. government found one firm was also doing work in Iran’s energy sector, violating an international embargo designed to put pressure on stopping the Middle East nation from furthering its nuclear program, said the Government Accountability Office, Congress’ watchdog arm.

Investigators found that Daelim Industtrial in South Korea was hired by the U.S. government for $1.5 million to construct military housing at a U.S. base in South Korea. But the GAO said the company was also “engaged in commercial activity in Iran’s energy sector.”

The information was passed along to the State Department, and the GAO report did not give indication as to what action, if any, U.S. officials might take against the South Korean company.

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