Source: TOI
CHENNAI/NEW DELHI: A tiny firm in a dark alley in Chennai’s electronic spare parts hub on Meeran Sahib Street has been unwittingly catapulted into the midst of a suspected nuclear smuggling operation. A reputed proliferation watchdog has cited the company as a likely supplier to Iran’s nuclear programme.
Ferrito Plastronics, a modest establishment with a reported turnover of Rs 2 crore-Rs 5 crore, has found a mention in a report published by the Institute of Science and International Security (ISIS) for an enquiry of one lakh ring magnets posted on a Chinese commercial website by an Iranian trading firm, Jahan Tech Rooyan Pars.
The Chennai firm does supply magnets. But these, avers company proprietor Bala Subramanian, are the ones used in loudspeakers, coils and medical equipment. Besides these, there are decorative magnets for fridges, Subramanian’s shop assistant displayed to TOI.