Chinese smartphone maker ZTE was hit by US export restrictions on charges that it illegally shipped telecommunications equipment to Iran and North Korea.
The US Department of Commerce issued Monday the ban on exporting, alleging that ZTE lied to the Bureau of Industry and Security (BIS) on disciplinary measures supposed to be applied to senior employees regarding illegal shipments.
The Secretary of Commerce, Wilbur Ross, said that ZTE paid full bonuses to employees who had engaged in illegal conduct instead of reprimanding employees as it was supposed to. The lie actually violated ZTE's settlement terms with the United States …
+ Read more From Original Source
