ZTE pleads guilty to violating Iran trade sanctions

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

7 minute readMarch 27, 2017 at 01:52 AM

Katherine Jo

& clp articles

ZTE pleads guilty to violating Iran trade sanctions

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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