ZTE pays $892M settlement to U.S. over illegal sales to Iran
Chinese smartphone maker ZTE has agreed to pay $892 million to the U.S. government for illegally selling networking technology to Iran.
ZTE entered a guilty plea to the charges, which include violating export controls meant to keep sensitive U.S. technology away from the Iranian government, the U.S Department of Justice said on Tuesday.
"They (ZTE) lied to federal investigators and even deceived their own counsel and internal investigators about their illegal acts," Attorney General Jeff Sessions said in a statement.
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