ZTE
is to pay $900 million in fines for shipping sensitive US-made technology to
Iran.
The sanctions violation occurred after the Chinese cellphone equipment
manufacturer reportedly shipped banned goods over a six-year period to
customers in Iran, knowingly violating existing economic sanctions with the
country.
The
company also “lied to federal investigators and even deceived their own counsel
and internal investigators about their illegal acts,” said Attorney General
Jeff Sessions in a statement.
No comments:
Post a Comment