(Chinese) ZTE to Pay $892 Million to U.S., Plead Guilty in Iran Sanctions Probe

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ZTE to Pay $892 Million to U.S., Plead Guilty in Iran Sanctions Probe

Settlement resolves five-year probe that raised trade tension between U.S., China

By Aruna Viswanatha, Eva Dou and Kate O’Keeffe
Updated March 7, 2017 6:54 p.m. ET

Çhinese telecommunications giant ZTE Corp. has agreed to pay $892 million in fines and plead guilty to violating U.S. sanctions on Iran and obstructing justice, ending a five-year probe that has raised trade tensions between the U.S. and China.

The penalties, among the largest ever in a sanctions case, were imposed on China’s largest publicly traded telecom manufacturer for its involvement in a six-year-long conspiracy to acquire...

READ MORE: https://www.wsj.com/articles/zte-to-pay-892-million-to-u-s-plead-guilty-in-iran-sanctions-probe-1488902019

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