FBI Targets Chinese Firm Over Iran Deal

0 Posted by - July 13, 2012 - Career & Business, Conspiracies & Scandals, Foreign Affairs, Military, Police State

CHINA Sco 1 300x236 FBI Targets Chinese Firm Over Iran DealThe FBI has opened a criminal investigation targeting a leading Chinese telecommunications firm that allegedly conspired to illegally ship hardware and software purchased from U.S. tech firms to Iran’s government-controlled telecom company, a violation of several federal laws and a trade embargo imposed on the outlaw Islamic nation, The Smoking Gun has learned.

The federal probe, launched earlier this year, has also uncovered evidence that officials with the Chinese company, ZTE Corporation (ZTE), are “engaged in an ongoing attempt to corruptly obstruct and impede” a Department of Commerce inquiry into the tainted $130 million Iranian transaction, according to a confidential FBI affidavit.

Officials with ZTE allegedly began plotting to cover up details of the Iranian deal after Reuters reported on the transaction in late-March. The news agency revealed that the telecom equipment sold to Iran was a “powerful surveillance system capable of monitoring landline, mobile, and Internet communications.” Included in the material sent to Iran were products manufactured by U.S. firms like Microsoft, Oracle, Cisco Systems, Dell, and Symantec.

CONTINUED at the Smoking Gun.

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