ZTE Denies Knowledge of Alleged US Bribery Investigation

ZTE has denied any knowledge of a reported investigation by US officials into alleged bribery practices. The Chinese telecommunications giant is facing scrutiny by DOJ investigators over alleged bribes “ZTE paid to foreign officials to gain advantages in its worldwide operations.” The investigation is reportedly unrelated to a case three years ago, in which ZTE pleaded guilty to contravening US sanctions against Iran and North Korea. Since then, the company has been subject to requirements implemented by the DoJ with millions of dollars in further penalties if the company failed to comply with independent monitoring and improved compliance and ethics programs.