Chinese Co. To Pay $3M For Nuclear Export Violations

Law360, New York (December 3, 2012, 6:28 PM EST) -- A China-controlled construction firm pled guilty Monday to illegally exporting epoxy coatings from the U.S. to a nuclear power plant in Pakistan and agreed to pay $3 million in fines, the U.S. Department of Justice said.

The guilty plea by China Nuclear Industry Huaxing Construction Co. Ltd. marks the first time a corporate entity controlled by China has entered a guilty plea in a U.S. criminal export matter, the DOJ said. The plea deal follows a long-term investigation of illegal exports of high-performance epoxy coatings from...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.