ZTE Corp pleads guilty in US court

NEW YORK: Chinese telecom equipment maker ZTE Corp on Wednesday pleaded guilty in US federal court in Texas for conspiring to violate US sanctions by illegally shipping US goods and technology to Iran.
The guilty plea was part of an agreement the company reached earlier this month with US authorities that also called for nearly $900 million in fines and other penalties.
US District Judge Ed Kinkeade in Dallas accepted the company’s plea to three charges: conspiring to export American-made items to Iran without a license, obstructing justice, and making a material false statement. — Reuters