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Chinese Company Accused of Aiding Iran's Weapons Programs

Officials in Washington and New York say they have uncovered efforts by a Chinese company to sell Iran banned materials that could be used in Tehran's missile and nuclear programs.

Tuesday, the Manhattan (New York City) prosecutor unsealed a multi-count indictment against China-based LIMMT Economic and Trade company and Li Fang Wei, one of the firm's managers.

Prosecutors allege that the Chinese company used shell (fake) companies and aliases to circumvent laws that prevent U.S. banks from processing transactions for certain Iranian weapons companies.

At about the same time Tuesday, the U.S. Treasury imposed sanctions on six Iranian companies and one Chinese person in connection with the same case.

Some information for this report was provided by AFP, AP and Reuters.