(Reuters) – A U.S. federal judge in Texas on Wednesday issued an order finding that China’s ZTE Corp (HK:) violated probation imposed when the telecommunications company pleaded guilty in 2017 to illegally shipping goods to Iran despite U.S. sanctions.
According to the order, the company violated its probation by issuing false statements regarding its discipline of 35 employees tied to the wrongdoing.
The judge said he was extending the term of a court-appointed monitor for ZTE until 2022.
ZTE settled with the U.S. Department of Commerce last summer over the false statements, which led to the lifting of a ban on U.S. suppliers doing business with the Chinese company.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.