ZTE Says Errors, Not Lies, Led to Failure to Comply With U.S. Terms

Mony
18
0

HONG KONG—ZTE Corp. has told U.S. authorities that its failure to fully comply with a U.S. settlement agreement resolving sanctions-busting charges was due to faults in its internal controls, not from a plan of systematic deception, according to a person familiar with the company’s filings.

The Chinese telecommunications giant, which has submitted a formal request to the Commerce Department for a stay of an order barring American suppliers from selling to ZTE, claims that the sales ban is a disproportionate penalty, the person…

Facebook Comments

Comments are closed.