Huawei banned from state tenders in Algeria for paying $10m bribes through offshore accounts
Published:
July 15, 2015 at 9:17am
In 2012, China-owned ZTE and Huawei Technologies were convicted of corruption in Algeria. The companies were banned for state telecoms tenders there for two years for bribing executives at state-owned Algérie Télécom.
In that case, three Chinese executives were sentenced by an Algeria court to ten years in prison in absentia for paying $10 million in bribes through offshore accounts in Luxembourg.