- Monday, June 05, 2023
The US took this action on Friday on the occasion of the International Anti-Corruption Day and on the eve of International Human Rights Day as part of its actions to promote accountability for corruption and human rights abuse around the world.
By: Mohnish Singh
The US has slapped sanctions on two individuals, including an Indian national, and seven entities for providing material support to, acting on behalf of, or being owned by North Korea’s government-run animation studio, which utilised its workers to provide low-cost labour.
The US took this action on Friday on the occasion of the International Anti-Corruption Day and on the eve of International Human Rights Day as part of its actions to promote accountability for corruption and human rights abuse around the world.
According to the State Department, the US imposed sanctions on two individuals and seven entities for providing material support to, acting on behalf of, or being owned by the DPRK (Democratic People’s Republic of Korea) government-run animation studio, SEK Studio.
The targets are: Kim Myong Chol, based in France; Everlasting Empire Limited, based in Hong Kong; Tian Fang (Hong Kong) Holding Limited, based in Hong Kong; Fujian Nan’an Import and Export Company, based in China; Limited Liability Company Kinoatis, based in the Russian Federation; and Funsaga Pte Ltd, based in Singapore; Deepak Subhash Jadhav based in India; Yancheng Three Line One Point Animation Co, Ltd, based in China; Quanzhou Yiyangjin Import and Export Trade Co, Ltd, based in China.
Jadhav is an India-based director of Funsaga Pte Ltd. and has entered a contract with SEK to produce an animation project while providing payments to Quanzhou Yiyangjin Import and Export Trade Co, Ltd and Yancheng Three Line One Point Animation Co, Ltd, said the US Department of the Treasury.
A SEK official indicated that Jadhav sent over $15,000 to Quanzhou Yiyangjin Import and Export Trade Co, Ltd and Funsaga Pte Ltd sent more than $50,000 to SEK, with part of the funds being transferred to Tian Fang (Hong Kong) Holdings Ltd. Kinoatis LLC has sent over $ 100,000 to Fujian Nanan Import and Export Corporation, which acted as an affiliate for SEK, to pay for an animation project.
Jadhav, Funsaga Pte Ltd, and Kinoatis LLC are being designated for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, SEK, the Treasury Department said in a press release.
(ANI)
