The trading with Iran involved Koch subsidiaries in Germany and Italy providing key components for a huge state-owned petro-chemical plant, despite a U.S. ban on trade with Iran since 1995.
One order was placed on January 29, 2003, the day after President Bush told Congress in his State of the Union message that Iran continued to be an enemy of the U.S. that "represses its people, pursues weapons of mass destruction and supports terror."
Koch Industries says the trade was legal because it was done through a foreign subsidiary and no Americans were involved.
Said Asjylyn Loder, a co-author of the Bloomberg Markets article, "You're still dealing with a state that is considered by the U.S. State Department to be a sponsor of terrorism." Koch Industries says it finally stopped trading with Iran in 2006.