WASHINGTON (AP) — The U. S. Commerce Department is blocking Chinese telecommunications giant ZTE Corp. from importing American components for seven years, accusing the company of misleading U. S. regulators after it settled charges of violating sanctions against North Korea and Iran.
WASHINGTON (AP) — The U. S. Commerce Department is blocking Chinese telecommunications giant ZTE Corp. from importing American components for seven years, accusing the company of misleading U. S. regulators after it settled charges of violating sanctions against North Korea and Iran.
Shenzhen-based ZTE agreed in March 2017 to plead guilty and pay $1.19 billion for illegally shipping telecommunications equipment to North Korea and Iran. ZTE promised to discipline employees involved in the scheme.
But Commerce said Monday that ZTE paid full bonuses to several of those involved, then lied about it.
