- 46 -
In reply to your letter * * * , please be advised that the
firm of Diesel Power Trading Company of Teheran mentioned in
your letter are not our representatives in respect of
transactions for Diesel electric locomotives and the
relative spare parts that we conduct with you, sell you or
ship to you.
GM sent a response containing very similar language to the
Iranian State Railways shortly thereafter. In a subsequent
letter to CTC dated October 30, 1973, Diana Khalatbari (then
Diana Zand) stated as follows:
More and more, we are concluding transactions with
government agencies. Before obtaining letters of credit,
all government agencies require a statement from the
manufacturers legalized by the Iranian Consulate certifying
that we are their authorized sole distributors. * * * .
Please ask the following companies to prepare such a
statement * * * .
1. General Motors
2. Ingersoll-Rand
3. Galion
4. Clark Equipment Company (both ITD and CMD)
5. P&H
The 3-percent sales commission rate in the 1969 GM-Caspian
agreement was modified twice during 1974 to 3-3/4 percent and 4
percent in connection with the sale of additional locomotives.
Both modification letters were accepted by petitioner on behalf
of CTC.
During 1976 even after he relinquished a portion of his
Diesel Power stock, petitioner continued to represent to GM that
he had control over Diesel Power. In February petitioner wrote a
letter to GM stating:
Page: Previous 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 NextLast modified: May 25, 2011