ZTE pleads guilty to violating Iran trade sanctions

March 27, 2017 | BY

Katherine Jo &clp articles

Chinese telecom equipment company ZTE has pleaded guilty to three counts in a Texas court and agreed to pay a $1.2 billion fine

By Sue Reisinger, The National Law Journal

 

Chinese telecom giant ZTE Corp. pleaded guilty Wednesday to illegally shipping communications and surveillance equipment to Iran in violation of U.S. export controls, and agreed to pay record penalties that could reach $1.2 billion.

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