US EditionChina's ZTE may pay more than $1 billion to the US over foreign bribery allegations: Report
ZTE may face a settlement exceeding $1 billion for alleged bribery to secure telecom contracts, with suspected payments ranging from millions to tens of millions of dollars.
- ZTE Corp, a Chinese telecom equipment maker, may pay more than $1 billion to the U.S. government to resolve foreign bribery allegations.
- The Justice Department is investigating ZTE for allegedly violating the Foreign Corrupt Practices Act in South America and other regions.
- A settlement with the U.S. would require approval from the Chinese government, and a hefty settlement could weaken ZTE's finances.
22 Articles
22 Articles
ZTE may face over $1 billion US penalty amid new overseas bribery probe · TechNode
Chinese telecommunications equipment maker ZTE may have to pay more than $1 billion to the US government to settle long-running allegations of overseas bribery. ZTE previously paid about $2 billion to US authorities during former President Donald Trump’s first term for export-control violations. According to sources, the US Department of Justice launched an investigation into ZTE earlier this year, alleging potential violations of the Foreign Co…
China's ZTE may pay more than US$1 billion to the US over foreign bribery allegations, sources say
Chinese telecom equipment maker ZTE (0763) may pay more than US$1 billion (HK$7.8 billion)to the US government to resolve years-old allegations of foreign bribery, according to two people familiar with the matter.
ZTE Shares Down On Reports Of Possible $1 Bln Fine To US Govt
(RTTNews) - ZTE Corp. (ZTCOY, ZTCOF, 0763.HK, 000063.SZ]), a Chinese telecom equipment maker, via Hong Kong exchange, stated that it is in ongoing communication with the United States Department of Justice regarding the investigation of ZTE's compliance with the Foreign Corrupt P
China's ZTE may pay more than $1 billion to the US over foreign bribery allegations, sources say
Chinese telecom equipment maker ZTE Corp may pay more than $1 billion to the U.S. government to resolve years-old allegations of foreign bribery, according to two people familiar with the matter.
ZTE Faces $1 Billion Settlement Over Global Bribery Allegations
ZTE Corp is under investigation by the U.S. Justice Department for alleged foreign bribery, potentially resulting in over $1 billion in penalties. The company's Hong Kong and Shenzhen shares have dropped significantly. A hefty settlement may impact ZTE’s finances amid ongoing U.S.-China trade tensions.
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