U.S. judge rules in favor of China’s ZTE, ending probation -Breaking
[ad_1]
© Reuters. FILEPHOTO: A building belonging to China’s ZTE Corp is seen by people in Beijing on August 29, 2018. REUTERS/Thomas PeterBy Karen Freifeld
WASHINGTON (Reuters), a U.S. Judge ruled on Tuesday that China’s ZTE Corp (HK) should be permitted to complete its five year probation starting in 2017.
It was on the last day in the company’s probation, for illegally shipping U.S. tech to Iran or North Korea.
ZTE was accused of violating probation in relation to an alleged plot to illegally bring Chinese nationals into the United States for research.
Although the judge stated that he believed the allegations of visa fraud conspiracy were true, he decided not to take further action against ZTE because it had reached maximum probation.
Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information, including buy/sell signal data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.
[ad_2]
