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Violation Tracker Individual Record

Company: ZTE Corporation
Current Parent CompanyZTE
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $430,488,798
Year: 2017
Date: March 7, 2017
Offense Group: competition-related offenses
Primary Offense: export control violation
Violation Description: ZTE Corporation agreed to enter a guilty plea and to pay a $430,488,798 penalty to the U.S. for conspiring to violate the International Emergency Economic Powers Act by illegally shipping U.S.-origin items to Iran, obstructing justice and making a material false statement. The plea agreement required that ZTE pay a fine in the amount of $286,992,532 and a criminal forfeiture in the amount of $143,496,266.
Level of Government: federal
Action Type: agency action
Agency: Justice Department National Security Division
Civil or Criminal Case: civil and criminal
HQ Country of Current Parent: China
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: telecommunications
Specific Industry of Current Parent: telecommunications
Source of Data(click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.