Chinese company signed for Digicel upgrade faces fines of $1.2bn

Mar 08, 2017, 00:36
Chinese company signed for Digicel upgrade faces fines of $1.2bn

ZTE entered a guilty plea over the charges, which include violating export controls meant to keep sensitive US technology away from the Iranian government, the U.S Department of Justice said on Tuesday. It is the largest criminal fine for the Justice Department in an export control or sanctions case.

ZTE also agreed to an additional penalty of $300 million to the Commerce Department that will be suspended during a seven-year term on the condition the company complies with requirements in the agreement.

He added: "This plea agreement holds them accountable, and makes clear that our government will use every tool we have to punish companies who would violate our laws, obstruct justice and jeopardise our national security".

According to court documents, ZTE obtained the banned goods, including cellular network equipment, over a six-year period and shipped them to customers in Iran, knowing that the sales violated the sanctions.

Following the settlements, The Bureau of Industry and Security under the U.S. Commerce Department will recommend that the ZTE be removed from the Entity List, said the ZTE in its Tuesday statement. They say ZTE purposely distributed about $ 32 million worth of US products to Iran and misinformed USA authorities on its compliance with American laws.

Improved trade games are over with, "Commerce Secretary Wilbur Ross told reporters Tuesday".

Berkeley 'March 4 Trump' rally sparks violent clash
Similar clashes and police crackdowns were also reported elsewhere in the USA , including Virginia and Pennsylvania. In several cities, Trump supporters were met by anti-Trump demonstrators, resulting in violent clashes and arrests.

Doctors Say Pot Can Be Dangerous For Developing Brains
Alterations in motor control, coordination, judgment, reaction time, and tracking ability have also been documented. A doctors' group is stepping up warnings to teenagers as the use of marijuana becomes more mainstream.

Rep. Daniel Donovan will vote 'no' on Obamacare repeal without a replacement
When asked whether he would vote no on a repeal bill unless there was a replacement tied to it, he said , "Absolutely". Since that legislation was passed seven years ago, Republicans have vowed to dismantle it if given the chance.

"Those who flout our economic sanctions and export control laws will not go unpunished - they will suffer the harshest of consequences", he said. From 2010 to 2016, ZTE shipped about $32 million worth of US -developed products to the country, either directly or through a third party, the Justice Department said. "We are committed to a new ZTE, compliant, healthy and trustworthy", ZTE CEO Zhao Xianming said in a statement. The Shenzhen-based company has a USA subsidiary in Richardson, Texas.

"ZTE engaged in an elaborate scheme to acquire US-origin items, send the items to Iran and mask its involvement in those exports", Acting Assistant Attorney General Mary McCord said in a statement.

The company said it was committed to making changes to become "a model for export compliance and management excellence".

"Today's settlement is OFAC's largest-ever against a non-financial entity and sends a powerful message that treasury will aggressively pursue any company that wilfully violates United States economic sanctions laws and obstructs federal investigations of such violations", Mr Mnuchin said.

According to Bloomberg, the Commerce Department declared last March that it would ban US exports to the Chinese company amongst allegations that it resold goods to Iran in breach of USA authorizations.

  • Andy Carroll Starts - West Ham Team vs Chelsea Confirmed

    Andy Carroll Starts - West Ham Team vs Chelsea Confirmed

    But without the suspended Michail Antonio, Slaven Bilic knows his side will have to play the ideal game to prevent a defeat. Chelsea have faced West Ham twice this season, and the Blues had to battle it out on both occasions to pip West Ham .

    Federal Bureau of Investigation to probe mysterious death of Muslim teen found hanged in woods

    The autopsy report says the area is densely wooded, but that the area was reportedly searched before the body's discovery. The last reason stated in the medical examiner's report was Keita's "lack of any reported suicidal ideation or attempts".
    Nintendo Switch Midnight Release Event: GameStop and More Retailers

    Nintendo Switch Midnight Release Event: GameStop and More Retailers

    One of the Nintendo Switch's main attractions is the promise of playing the same games on the go as you do at home. Shovel Knight: Treasure Trove is a game developed by Yacht Club Games which features the original Shovel Knight.
  • Pancake Day 2017: How to make really easy pancakes

    She raced out of the house to church while still carrying her frying pan and pancake, flipping it to prevent it from burning. After nearly eight hours of non-stop pancake-making, MAFKA achieved the record with an incredible 12,716 crepes.

    'Get Out' Exceeds All Expectations With Major Box Office Debut

    Estimates say Sunday will bring in 6 million bringing the total to over 30 million dollars, including Friday's box office. The film achieved a rare 100-percent on the famous movie ratings site Rotten Tomatoes and an A- on CinemaScore.
    'People's Court' Judge Joseph Wapner Has Passed Away At 97

    'People's Court' Judge Joseph Wapner Has Passed Away At 97

    The People's Court was canceled in 1993, but aired in syndication until it was revived for a second time in September 1997. Markey was not about to retire to go on TV but told Edwards that Wapner would be flawless for television.
  • 97-year-old twin sisters likely froze to death steps from home

    97-year-old twin sisters likely froze to death steps from home

    The Providence Journal reported that Haley lived at 21 Opechee Drive, Barrington, and Williams lived in East Providence. Overnight temperatures in the area had dropped to as low as 11 degrees, with wind chills as low as minus 8.

    SoundCloud Go Gets Cheaper At $5 Per Month

    Soundcloud writes, "The new SoundCloud Go plan gives you the first, fully on-demand listening experience at this price point". SoundCloud launched the original Go in late March 2016 after nailing down licensing deals with most recording stakeholders.
    Iraq forces reach key Mosul bridge

    Iraq forces reach key Mosul bridge

    The U.S. -led global coalition against the Islamic State carried out dozens of airstrikes on Monday, Iraqi officials said. In Iraq, more than a thousand civilians have fled western Mosul as Iraqi troops push deeper into ISIL held areas.
  • New 'Pirates Of The Caribbean' Movie Could Halt Johnny Depp's Losing Streak

    The most notable addition to the cast this time around is Javier Bardem who plays the primary antagonist, Captain Armando Salazar. The movie will also feature Javier Bardem, Orlando Bloom and Skins actress Kaya Scodelario .

    Aleppo battle: both sides accused of war crimes

    The report also states that armed groups targeted western Aleppo for the sole objective of terrorizing civilians. Opposition groups shelled government-controlled western Aleppo, killing and injuring dozens, the report said.
    Five Takeaways: Tottenham Rout Stoke 4-0 Again this Season

    Five Takeaways: Tottenham Rout Stoke 4-0 Again this Season

    And the 23-year-old was delighted with his team's response to that disappointment, telling Sky Sports: "It was important".