On December 15, 2008, Yong Zhu, the president of Chino, an import-export company that provides Chinese supplies to U.S. companies, pled guilty for his role in a conspiracy to commit honest services wire fraud.
Mr. Zhu allegedly paid an employee of a manufacturing company that did business with Chino as sum of $10,000. In return Mr. Zhu received the assurance that his company Chino would receive subcontracting awards from the manufacturing company. The conspiracy took place between 2002 and 2004.
This is the tenth plea agreement arising from the ongoing investigation into the military restraints industry.