Live Update 
From the Liveblog of
Tuesday, March 7, 2017
From the Liveblog of
Tuesday, March 7, 2017
US fines China’s ZTE $1.2 billion for violating Iran, North Korea sanctions
Add ToI as a Preferred Source on GoogleThe US government has slapped over $1 billion in fines on Chinese telecom giant ZTE for violations of US export controls for selling goods to Iran and North Korea, officials announce.
It is the largest criminal penalty in US history in an export control or sanctions case, government officials say. The company will pay $892 million, while another $300 million in penalties are suspended for seven years.
ZTE agreed to plead guilty to three charges, including obstructing justice for hiding information from government investigators, the officials say.
— AFP
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