The Chinese ZTE to be subject to the new federal anti-bribery investigation, NBC News said

FILE PHOTO: People walk past a SAMSUNG logo on the outside of his booth at the Mobile World Congress in Barcelona, Spain, February 25, 2019 at the latest. REUTERS/Sergio Perez

WASHINGTON (Reuters) – Chinese telecommunications company ZTE (000063.SZ) has been the subject of a new investigation into bribery in the. s. The ministry of Justice, focusing on suspected bribes paid to foreign public officials to gain advantages in the global operations of NBC News, said.

A spokesman for the Ministry of Justice does not immediately respond to a request for comment. And neither is the company.

SAMSUNG pleaded guilty in march of 2017, and paid close to $900 million to settle with the united states. after doing some research it appears that the telecommunications equipment maker’s commitment to the withdrawal of the U.S. embargo by buying AMERICAN parts in which they appear in the ANDROID devices and it is illegal to ship them to Iran.

A year later, the Home’s administration put a ban on AMERICAN companies selling goods to the company after the determination of the CHINESE to make false statements about the look of the 35 employees are bound by the sanctions for violations.

The ban was lifted in 2018, after the company paid a $ 1 billion fine to the US Treasury, and put an additional $400 million in the bank.

SAMSUNG’s smaller rival, China’s Huawei Technologies, the world’s largest telecoms-equipment-maker.

Huawei has been in the Department of Commerce’s entity list in May, which means US companies are restricted from the sale of goods and technology to the company.

Reporting by Chris Sanders; additional reporting by Chris Prentice and Karen Freifeld.; Editing by Chizu Nomiyama and Nick Macfie

Follow us

Don't be shy, get in touch. We love meeting interesting people and making new friends.

Most popular