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“The charging letter alleges that Far East Cable signed contracts with ZTE (HK:0763) and Iranian telecommunications companies to deliver U.S.-origin equipment to Iran as part of an effort to conceal and obfuscate ZTE’s Iranian business from U.S. investigators,” the Bureau of Industry and Security (BIS) said in a statement.
BIS is charging Far East Cable with 18 violations of U.S. export controls.
