Chinese cellphone maker agrees to pay record fine to the U.S.

The Justice Department says the Chinese firm ZTE Corp. has agreed to plead guilty and pay the United States $892 million for violating sanctions against Iran.

The department said the company had illegally shipped sensitive U.S.-made equipment to Iran.

U.S. Commerce Secretary Wilbur Ross read a statement about the actions, telling reporters, “with this action we are putting the world on notice, improper trade games are over with.”

Ross did not take questions.

According to legal documents, ZTE obtained the banned goods over a six-year period and shipped them to customers in Iran, knowing that the sales violated the sanctions.

ZTE entered a guilty plea and also settled charges with the Commerce and Treasury departments.

 

(AP)

 

 
 
 
RECOMMENDED ARTICLE

Amazing piano stairs from around the world

Amazing piano stairs from around the world
READ MORE >
 
 

Weakened dam the latest threat as Puerto Rico reels from hurricane

Weakened dam the latest threat as Puerto Rico reels from hurricane
SAN JUAN, Puerto Rico—A Puerto Rico dam damaged by heavy rains from Hurricane Maria was in danger of ...
READ MORE >
 

Hopes for Mexico quake survivors dim as search enters sixth day

Hopes for Mexico quake survivors dim as search enters sixth day
MEXICO CITY—Emergency workers searched by floodlight in smashed buildings for survivors of Mexico's deadliest earthquake in 32 years ...
READ MORE >
 
US

At Alabama Rally, Trump Explained Why He’s Endorsing Luther Strange

At Alabama Rally, Trump Explained Why He’s Endorsing Luther Strange
President Donald Trump at a rally in Huntsville, Alabama, rallied for Senator Luther Strange (R-Ala.) to fill Jeff ...
READ MORE >
 
US

Trump Says ‘Fake News Media,’ Not Facebook Ads, Influenced 2016 Elections

Trump Says ‘Fake News Media,’ Not Facebook Ads, Influenced 2016 Elections
In a pair of tweets President Donald Trump used the recent controversy over Facebook ads and their possible ...
READ MORE >
 

‘Urgent Action’ Needed for 60-Year-Old Woman Trapped in Prison

‘Urgent Action’ Needed for 60-Year-Old Woman Trapped in Prison
Human rights organization Amnesty International has issued an "urgent action update" for a Falun Gong practitioner who is ...
READ MORE >