Reuters is reporting that Chinese manufacturer ZTE has come under investigation from the US Department of Commerce for allegedly shipping embargoed American hardware and software products to Iran. A Commerce Department official confirmed that US authorities have been pursuing the matter "very aggressively," though it will likely be many months before the investigation is complete. If ZTE is found to have violated the embargo, it could face fines at up to double the value of the products in question.
News of the investigation comes following a March 22nd report that ZTE had signed a contract to ship $123.4 million worth of US-made products to Telecommunication Company of Iran (TCI). The contract, signed in December 2010, included printers...
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