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ZTE pleads guilty to violating Iran trade sanctions
March 27, 2017 | BY
Katherine Jo &clp articlesChinese 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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