US embassy cable - 03ANKARA2498

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NO ENDORSEMENT OF OPIC FINANCE APPLICATION FOR DIOMED/PLASSET (SBU)

Identifier: 03ANKARA2498
Wikileaks: View 03ANKARA2498 at Wikileaks.org
Origin: Embassy Ankara
Created: 2003-04-16 14:53:00
Classification: SECRET
Tags: PARM PREL TU EINV IZ
Redacted: This cable was not redacted by Wikileaks.
This record is a partial extract of the original cable. The full text of the original cable is not available.

S E C R E T ANKARA 002498 
 
SIPDIS 
 
 
DEPT PASS OPIC FOR PROJECT FINANCE DIRECTOR TREADWELL 
DEPT FOR NP/CBM, EUR/SE AND EB 
 
 
E.O. 12958: DECL: (1.6X1, X6) 
TAGS: PARM, PREL, TU, EINV, IZ 
SUBJECT: NO ENDORSEMENT OF OPIC FINANCE APPLICATION FOR 
DIOMED/PLASSET (SBU) 
 
 
REF: A. STATE 85359 
     B. STATE 29440 AND PREVIOUS 
 
 
(U) Classified by Deputy Chief of Mission Robert Deutsch. 
Reasons (X1, X6). 
 
 
(S) Ref (A) requested Embassy's recommendation on whether 
OPIC should provide a loan to the Turkish firm Diomed Tibbi 
Gerecler San. Ve Tic. A.S. and its manufacturing affiliate 
Plasset Ltd.  Embassy cannot endorse granting the loan, based 
on information that these companies have undertaken sales in 
violation of sanctions against Iraq (see ref B, which is 
classified at the Secret level).  We strongly recommend that 
OPIC obtain NP's approval before proceeding with this loan. 
We will send further, unclassified information on 
Diomed/Plasset septel. 
PEARSON 

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