Latest Breaking News On - Avnet asia pte - Page 1 : comparemela.com

Avnet Asia Admits to Criminal Liability for the Conduct of Former Employees, and Agrees to Pay More Than $3.2 Million An indictment was unsealed this week charging Cheng Bo, also known as Joe Cheng, a 45-year-old national of the People’s Republic of China, with participating in a criminal conspiracy from 2012-2015 to violate U.S. export laws by shipping U.S. power amplifiers to China. Cheng’s former employer, Avnet Asia Pte. Ltd., a Singapore company and global distributor of electronic components and related software, agreed to pay a financial penalty to the United States of $1,508,000 to settle criminal liability for the conduct of its former employees, including Cheng. As part of a non-prosecution agreement, Avnet Asia admitted responsibility for Cheng’s unlawful conspiracy to ship export-controlled U.S. goods with potential military applications to China, and also for the criminal conduct of another former employee who, from 2007-2009, illegally caused

United statesHong kongDistrict of columbiaAvnet asiaMichaelj friedmanJohnc demersMichaelf paulAvnet asia pteMichaelr sherwinLos angelesJoe chengAaron tambriniAlane kohler jrCheng boThomasa gilliceCounterintelligence division