HONG KONG — When the United States government punished ZTE of China this month, saying it had done business with Iran, it released internal company documents that it said detailed how the electronic equipment maker had done it — and that also suggested the problem might not be limited to one Chinese company.
One document described how ZTE would set up seemingly independent companies — called "cut-off companies" — that would sign the deals in other countries. That could enable it to continue to do business in Iran, North Korea and other countries placed under American restrictions.
More:
http://www.nytimes.com/2016/03/19/technology/zte-document-raises-questions-about-huawei-and-sanctions.html
One document described how ZTE would set up seemingly independent companies — called "cut-off companies" — that would sign the deals in other countries. That could enable it to continue to do business in Iran, North Korea and other countries placed under American restrictions.
More:
http://www.nytimes.com/2016/03/19/technology/zte-document-raises-questions-about-huawei-and-sanctions.html
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