INTERNATIONAL TRADE
Collateral Comes Due: Time is running out for three friends and relatives who put up their houses as collateral for a $200,000 bond to secure the release of the owner of a now-defunct Newport Beach company accused of illegally selling high-tech equipment to Iran.
Assistant U.S. Atty. Patricia A. Beaman said Monday that she plans to file a motion Nov. 30 to have the property bond of Reza (Ray) Panjtan Amiri, 44, forfeited after he failed to show up for his sentencing in U.S. District Court in Los Angeles last week.
Beaman said she will also ask the court to reject a proposal by Thomas J. Nolan, a Los Angeles attorney representing the three people who put up their homes, to let Amiri himself substitute a cash bond of $200,000 for the properties.
Those who put up the properties are Arde Shir Amiri, Parviz Daftarian and Ali Reza Sheikan. The houses are in Anaheim, Alhambra and Cerritos.
Amiri’s attorney had said that the Iranian government will not allow his client to travel abroad.
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