ZTE says it has not been notified of alleged US bribery investigation [Reuters]
ZTE CORP UNSP/ADR (ZTCOY)
NASDAQ:AMEX Investor Relations:
zte.com.cn/global/about/investorrelations
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Source: Reuters
ZTE says it has not been notified of alleged U.S. bribery investigation SHENZHEN, China (Reuters) - ZTE said it had not received any notice from U.S. authorities after NBC News reported on Friday that the Chinese telecoms company was the subject of a new bribery investigation. ZTE said its operations continue as normal. The NBC report said the U.S. Justice Department was investigating whether ZTE paid foreign officials to gain advantages in its global operations. “The Company would like to clarify that it has not received notices from the relevant government departments of the United States in this regard,” it said in a notice filed on the Hong Kong and Shenzhen stock exchanges. ZTE pleaded guilty in 2017 and paid nearly $900 million to settle with the U.S. after an investigation found the telecommunications equipment maker conspired to evade U.S. embargoes by buying U.S. components, incorporating them into ZTE equipment and illegally shipping them to Iran. A year later, the Trump adm
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