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To export illegally equipment to Pak’s atomic body a Pakistani-American arrested.

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From 2006 to 2015, Syed and BSI conspired with company employees in Pakistan to violate the International Emergency Economic Powers Act by exporting computer equipment from the US to the Pakistan Atomic Energy Commission (PAEC).

A 65-year-old Pakistani-American has been arrested for allegedly exporting high-performance computer equipment and software application solutions from the US to Pakistan Atomic Energy Commission without necessary government approval, according to federal prosecutors.
Obaidullah Syed, who owned Pakistan-based Business System International (BSI) Private Limited and Chicago-based BSI USA, was arrested on September 16 and faces a maximum sentence of 20 years if convicted. He currently remains in federal custody.
Federal prosecutors said the two companies owned by Syed provided high-performance computing platforms, servers, and software application solutions.
From 2006 to 2015, Syed and BSI conspired with company employees in Pakistan to violate the International Emergency Economic Powers Act by exporting computer equipment from the US to the Pakistan Atomic Energy Commission (PAEC) without obtaining the required authorization from the US Department of Commerce, according to an indictment returned in the District Court in Chicago.
The Pakistan Atomic Energy Commission is a Pakistani government agency responsible for “the design, fabrication, and testing of high explosives and nuclear weapons parts, uranium mining and enrichment, and the development of solid-fueled ballistic missiles.
The indictment charged Syed and BSI with one count of conspiracy to violate the International Emergency Economic Powers Act and foreign trade regulations, and one count of violating the International Emergency Economic Powers Act.
Syed, BSI and the other conspirators falsely represented to the US-based computer manufacturers that the illegal shipments were intended for Pakistan-based universities, Syed’s business, or Syed himself.
As a matter of fact, they knew that the true end user and ultimate consignee of each shipment was either the PAEC or a research institute that trained the agency’s engineers and scientists, the indictment stated.
In so doing, according to the indictment, Syed and his company caused the US-based computer manufacturers to submit to the US government shipping documents, including Shippers Export Declarations, that listed false end-users for the US-origin goods, thereby undermining the US government’s ability to stop the illegal shipments, the Department of Justice said.

Business

Report say’s: Tata Group invest Rs 5,000 crore for Apple component manufacture Plant.

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Apple has started manufacturing its mobile phones in India. The Tata group will invest Rs 5,000 crore to set up a spare parts project for Apple at an industrial complex in Hosur, Tamil Nadu. Although the Tata group and Tamil Nadu Govt have not yet confirmed this report, But sources said that the project will produce the necessary spare parts for Apple. 

The Tata Group will invest Rs 5,000 crore to create a facility that will manufacture components for iPhone-maker Apple. Tata Electronics, a new entity, was allotted 500 acres by TIDCO (Tamil Nadu Industrial Development Corporation) for the manufacturing plant at the industrial complex in Hosur, Business Line reported.

Tata Group’s investment in the facility might be hiked later, based on the level of sourcing, to as much as Rs 8,000 crore, the report said.

Neither the Tata Group nor the Tamil Nadu government confirmed the development as per the report.

Titan Engineering and Automation (TEAL), a unit of Titan, will provide the expertise for setting up the production facility, the report said.

According to the report, the Bhoomi Pujan of the facility was held on October 27.

The manufacturing plant will have 18,000 employees by October 2021, of which 90 percent will be women, the report added.

Apple’s contract manufacturer Foxconn already assembles the iPhone 11 at a plant in Sriperumbudur, Tamil Nadu.

The report stated that there was competition between states for the facility, with Tamil Nadu beating Karnataka to bag the project.

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