HONG KONG FIRMS SETTLE U.S. EXPORT ADMINSTRATION CHARGES
The U.S. Commerce Department’s Bureau of Export Administration has imposed
a $174,000 fine and a five-year export denial order on Hong Kong-based Hua Ko Electronics
Co. Ltd., which had previously been denied export privileges, for ordering and receiving
U.S.-made goods.
The fine involves shipments between August 1994 and May 1997.
By cooperating with U.S. authorities, Hua Ko’s export denial order and
$87,000 of the fine were suspended.
The Export Administration also issued a $38,500 fine to Hong Kong-based
Nanshing Color & Chemical Co. for transferring U.S.-made goods to Hua Ko. "The
lesser civil penalty imposed was due in large part to Nanshing’s cooperation in the
investigation," the Export Administration said.
A third company based in New Jersey, General Chemical Corp., agreed to pay a
fine of $77,000 to settle allegations that it shipped U.S.-made goods to Nanshing for
transfer to Hua Ko.
In separate case, Hong Kong-based Gold Valley Technology Co. was issued a
$20,000 fine by the Export Administration to settle allegations that it violated the terms
of an export license involving a shipment of computers to China.