ZTE has denied any knowledge of a reported investigation by US officials into alleged bribery practices. The Chinese telecommunications giant is facing scrutiny by DOJ investigators over alleged bribes “ZTE paid to foreign officials to gain advantages in its worldwide operations.” The investigation is reportedly unrelated to a case three years ago, in which ZTE pleaded guilty to contravening US sanctions against Iran and North Korea. Since then, the company has been subject to requirements implemented by the DoJ with millions of dollars in further penalties if the company failed to comply with independent monitoring and improved compliance and ethics programs.
Regulations, Compliance, & Enforcement
Trending Now
AI and ICT Compliance, Rare Earth Supply Chains, Small Business Fraud, Cyber Enforcement • Contractor Settles False Claim Allegations Over Cybersecurity Violations • Amid Rising Interest in Defense, IPOs Are an Increasingly Viable Exit Route for Investors • Just Having a ‘Human in the Loop’ Is Not AI Governance • Space Force Acquisition Nominee Faces Ethics Scrutiny over Defense Industry Ties
ZTE Denies Knowledge of Alleged US Bribery Investigation
Atstock Productions | Shutterstock
Track False Claims Act cases, audit trends, and compliance best practices with our Compliance & Enforcement newsletter, delivering up-to-the-minute intelligence Monday–Saturday — Subscribe here.