China: ZTE fined $1.1bn for flouting US sanctions against Iran
08 Mar 2017

Chinese telecom giant ZTE has been fined $1.1bn and will plead guilty to charges that it violated US rules by shipping US-made equipment to Iran and North Korea.

ZTE Corp obtained and illegally shipped US-made equipment to Iran in violation of US sanctions, the Justice Department said.

It also sent goods to North Korea without the correct export licences.

The US said ZTE lied to authorities and its own lawyer about the violations.

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