America imposed ban on 7 organizations including Indian citizens, know what is the reason?

This action has been taken as part of promoting accountability for human rights abuses and corruption around the world

The US has imposed sanctions on two individuals and seven entities, including an Indian national, for working on behalf of and supporting a North Korean state-run animation studio. The US took this action on Friday on the eve of International Human Rights Day and International Anti-Corruption Day. He took this action as part of promoting accountability for human rights abuses and corruption around the world.

According to the US State Department, the US has imposed sanctions on two individuals and seven entities for working on behalf of and providing support to the North Korean state-run animation studio SEK Studio.

Ban imposed on these companies

Explain that the people and organizations that have been banned include Kim Myang Chol, who lives in France, Subhash Jadhav of India, Everlasting Empire Limited of Hong Kong, Tian Feng (Hong Kong) Holding Limited, Fujian Nan Import and Export Company of China, Limited Liability Company Kinotis of the Russian Federation, Funsaga P Ltd of Singapore, Yangcheng Three Line One Point Animation Co Ltd of China and Quanzhou Yangjin Import and Export Trade Co Ltd of China.

send more than 100,000 usd to export corporation

The US Treasury Department informed that Jadhav is a director of Funsaga P Ltd and had entered into an agreement with the SEC for the production of an animation project. An official from SEK indicated that Jadhav sent more than USD 15,000 to Quanzhou Yiyangjin Import and Export Trade Co, Ltd and Funsaga Pte Ltd sent more than USD 50,000 to SEK, with part of the money going to Tian Fang (Hong Kong) Holdings Ltd. transferred to.

Kinoatis LLC sent over USD 100,000 to Fujian Nanan Import and Export Corporation, which acts as a partner for SEK, to pay for an animation project.

Unpaid Payments on Contracts

The Treasury Department said in a press release that Jadhav Funsaga Pte Ltd and Kinoatis LLC are being designated as having materially assisted, sponsored, or provided financial, material, or technical assistance, or supplied goods or services to or in support of SEK. Is. Kim Myeong Chol is the Paris-based representative of SEK and has facilitated payment transactions for SEK in 2022, including the collection of unpaid payments on contracts between European companies and SEK.

Everlasting Empire Ltd., Tian Fang (Hong Kong) Holdings Ltd., Yancheng Three Line One Point Animation Co., Ltd., Quanzhou Yangjin Import & Export Trade Co. Ltd., and Fujian Nanan Import & Export Corporation facilitated financial transactions on behalf of SEK .