ZTE receives record $1.2 billion fine for breaking US sanctions

ZTE, China’s second-largest maker of telecoms equipment, has been hit by a record fine from the US government. The company has pled guilty to charges of violating US sanctions against both Iran and North Korea, and will pay up to $1.2 billion — the largest criminal fine in a US sanctions case to date.According to the United States Department of Commerce, from 2010 to 2016 ZTE “conspired to evade” America’s embargo against Iran. The Chinese firm sold US-made hardware