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China’s ZTE joins an unwanted club of US sanctions busters
23 Mar 2017
23 Mar 2017
ZTE Corp, China’s largest listed telecommunications equipment supplier, earlier this month joined the unenviable fraternity of companies that paid stiff penalties after pleading guilty to breaching the United States’ longstanding sanctions on Iran and North Korea.
The company was slapped with a total penalty of US$1.2 billion on March 8, becoming the first technology company alongside some of the world’s largest banks as the biggest US sanctions busters to settle with Washington.
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