Comments
The US Justice Department is filing charges against Chinese tech giant Huawei.
A 13-count indictment was unsealed on Monday in New York charging Huawei, two of its affiliates and a top executive at the company.
The charges include bank fraud, conspiracy to commit wire fraud, and violating the International Emergency Economic Powers Act.
A separate case filed in Washington state charges Huawei with stealing trade secrets from T-Mobile.
Meng Wanzhou, the company’s chief financial officer, was arrested in Canada on Dec. 1. Prosecutors allege she committed fraud by misleading American banks about Huawei’s business deals in Iran.
Prosecutors charge Huawei used a Hong Kong shell company to sell equipment in Iran in violation of U.S. sanctions.
Huawei is the world’s biggest supplier of network gear used by phone and internet companies.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.