ZTE pleads guilty to violating Iran sanctions, agrees to $892 million fine

 Chinese electronics giant ZTE this week pled guilty to violating US-Iran sanctions. The plea marks the end of a five-year joint investigation by the Department of Justice, the FBI and the Department of Homeland Security, among others. As a result, the company has agreed to an $892,360,064 fine, coupled with an additional $300,000,000 it be forced to pay if it violates terms of the agreement.… Read More