The U.S. is Now Investigating Chinese Telecom Giant ZTE For Alleged Bribery – Slashdot

6

ZTE, the Chinese telecom giant that pleaded guilty three years ago to violating U.S. sanctions against Iran and North Korea, is the subject of a new and separate bribery investigation by the Justice Department, NBC News reported Friday, citing two people briefed on the matter. From the report: The new investigation, which has not been reported previously, centers on possible bribes ZTE paid to foreign officials to gain advantages in its worldwide operations. The fresh scrutiny on ZTE comes just after the end of the corporate probation period agreed to under the March 2017 plea agreement it struck with the Justice Department. Under the agreement, ZTE agreed to a civil and criminal penalty and forfeiture of $1.19 billion. A spokesperson for the U.S. Attorney’s Office for the Southern District of New York declined to comment. In a statement, a representative of ZTE said: “ZTE is fully committed to meeting its legal and compliance obligations. The top priority of the company’s leadership team is making ZTE a trusted and reliable business partner in the global marketplace, and the company is proud of the enormous progress it has made. Beyond this, it would not be appropriate for ZTE to comment.”