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
FAR 52.222-90 Explained: New Clause May Result in 6,825 Audits Per Year • DOJ Stands Up a New Fraud-Fighting Division: What Government Contractors Need to Know About the National Fraud Enforcement Division • FAR Updates Trade Agreement Act Thresholds • GE’s $36 Million ITAR Penalty — A Wake-Up Call for Export Control Compliance • Treasury Canceled Booz Contracts Over Vetting of IRS Leaker, Bessent Says
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.