The Americans accused the Chinese company for illegal dealings with Iran.

Federal grand jury in New York raised against a Chinese company accused of illegal dealings, said on Wednesday The Washington Post. According to the investigation, the Chinese are secretly used the New York banks for the supply of prohibited materials to Iran, allegedly necessary for the development of Iranian nuclear and missile programs.
The charges made by the Manhattan District Attorney Robert Morgenthau brought against the company LIMMT Economic and Trade Co. and its director Li Fang Wei (Li Fang Wei). Presumably, LIMMT supplied Iran's military industry of high strength alloys, suitable for military use. The delivery of such materials to Iran is prohibited within the limits established by the UN.
According to the Americans, the case LIMMT shows that China's not enough to effectively fight for the implementation of international sanctions. Morgenthau emphasized that Lee is at large in China. "We can not close his factory, but we can shed light on his actions and the actions of foreign banks, which enable such businesses to flourish," - said the prosecutor.
Ministry of Finance of the U.S. in 2006 imposed sanctions on LIMMT for their alleged role in the company's trade in illegal weapons and components prohibited to conduct transactions in the U.S. financial system. Among the clients of the company whether the number of certain subsidiaries of the Iranian Defense Industries Organization. The Chinese are secretly held funds in a few U.S. banks, including Bank of America, Citibank and JP Morgan Chase.
United States and other Western countries concerned about Iran's nuclear program, which they believe is aimed at creating weapons of mass destruction. The New York Times said that in recent years, the administration of President George W. Bush has repeatedly imposed sanctions against Chinese companies for undesirable for the United States deals with Iran.