Violation Tracker Individual Record
Company:
ZTE Corporation
Current Parent Company:
ZTE
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 Parent:
China
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
telecommunications
Specific Industry of Parent:
telecommunications
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
