Samsung To Pay $2.3 Million Fine for Deceiving the U.S. Government
Aug 22, 2014
The United States division of Samsung has been charged with deceiving the US government into believing that several of its products met the necessary US government policies, resulting in the US government buying unauthorised Chinese-made electronics . The South Korean electronics giant has agreed to pay the Government $2.3 million in fines to settle the charges of violating trade agreements, the Justice Department announced Tuesday. Under federal contracting rules, Government agencies are only required to purchase products made in the United States or in countries that have a trade agreement with the United States. Federal agencies purchased products from Samsung through authorised resellers, believing they were manufactured in South Korea or Mexico, comply with government procurement rules — namely the US trade agreement act. SAMSUNG LIED TO U.S GOVERNMENT Despite complying with the terms of the contract, Samsung was found to have breached the US government bet...
