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In 2007, Philippine President Gloria Macapagal Arroyo was involved in a fraudulent deal for a national broadband network with a Chinese government corporation known as ZTE. The deal, according to Arroyo, was to cost approximately 329 million dollars, which was 197 million dollars more than the actual cost of building the network. Arroyo's husband and an electoral chair member planned to take the extra money for themselves as a commission.

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15y ago

http://www.businessweek.com/globalbiz/content/feb2008/gb20080220_073482.htm?chan=top+news_top+news+index_global+business

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Q: What is a summary of ZTE scandal?
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