Latest News and Trends

ZTE hit by US foreign bribery probe with fines exceeding US$1bn

Chinese telecom equipment maker ZTE Corp. is again under regulatory scrutiny, as the US Department of Justice (DOJ) investigates alleged foreign bribery that could lead to more than US$1 billion in fines, Reuters reported. The Foreign Corrupt Practices Act (FCPA) probe covers ZTE’s activities in Latin America and other regions, raising the risk of fresh penalties and the possible reinstatement of export restrictions if talks fail.