British man being probed for selling Cobalt to Iran

London, May 16 (ANI): The HM Revenue and Customs (HMRC) of Britain recently raided the home of a British chemicals firm after a tip-off about the firm's owner's transactions with Iran wherein he sold lethal chemicals like cobalt to the country despite the enormous risk of Iran putting these chemicals to use in their weapons programme.

Jarrad Beddow, the firm's owner who resides in a posh 400000 pound home, has defended his actions saying that the sales of the substance (cobalt) was not banned at the time of the transaction.

Details of the dirty bomb case are disclosed in dozens of pages of documents lodged in the High Court by Remet UK, a chemicals firm based in Rochester, Kent, The Times reports.

"HMRC are not conducting a criminal investigation against me and I have never been arrested," said Beddow.

He claimed the company itself was under investigation, saying: "My home was searched by HMRC as part of the investigation into my employer, where I willingly supplied information."

Remet's managing director, Stephen Pilbury, said it had reported the "illegal" trade to the authorities and was "fully co-operating" with the criminal investigation, which involves HMRC nd, it is understood, the security service MI5, the paper reports. (ANI)