Chinese co. to pay $2M for nuke export violationsDecember 3, 2012 @ 10:45 am
WASHINGTON (AP) - A company owned by the Chinese government has pleaded guilty for conspiring to violate nuclear export restrictions on Pakistan and agreed to pay $2 million in fines.
The China Nuclear Industry Huaxing (Wa-ZING) Construction Co., pleaded guilty Monday and received a $2 million criminal fine _ half of which won't have to be paid if the company meets the conditions of a five-year probation. In a separate agreement with the Commerce Department, the company agreed to a $1 million fine and to be audited to ensure compliance with export laws.
Huaxing supplied U.S.-manufactured nuclear coatings for a nuclear power plant the company was building in Pakistan. Court documents showed Huaxing used a distributor in China to evade U.S. export law, by concealing that the destination was the Pakistani nuclear plant.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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