UTStarcom Inc. Agrees to Pay $1.5 Million Penalty for Acts of Foreign Bribery in China
UTStarcom Inc. Agrees to Pay $1.5 Million Penalty for Acts of Foreign Bribery in China
UTStarcom Inc. (UTSI) has entered into an agreement with the Department of Justice, agreeing to pay a $1.5 million fine for violations of the Foreign Corrupt Practices Act by providing travel and other things of value to foreign officials, specifically employees at state-owned telecommunications firms in the People’s Republic of China.