U.S. charges China's Huawei with bank fraud, stealing trade secrets
Source: Reuters
WASHINGTON (Reuters) - The United States on Monday charged China’s Huawei Technologies Co Ltd, its chief financial officer and two affiliates with bank and wire fraud to violate sanctions against Iran in a case that has escalated tensions with Beijing.
In a 13-count indictment filed in New York, the Justice Department said Huawei misled a global bank and U.S. authorities about its relationship with the subsidiaries, Skycom Tech and Huawei Device USA Inc, in order to conduct business in Iran.
In a separate case, the Justice Department also accused two Huawei subsidiaries of 10 counts of stealing trade secrets, wire fraud and obstructing justice for allegedly stealing robotic technology from carrier T-Mobile US Inc to test smartphones’ durability. Those charges were filed in the western district of Washington state.
Huawei did not respond to requests for comments on the charges.
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TECHNOLOGY NEWS JANUARY 28, 2019 / 2:57 PM / UPDATED 32 MINUTES AGO
Read more: https://www.reuters.com/article/us-usa-china-huawei-tech/u-s-charges-chinas-huawei-with-bank-fraud-stealing-trade-secrets-idUSKCN1PM2BD
Related: Chinese Telecommunications Conglomerate Huawei and Huawei CFO Wanzhou Meng Charged With Financial Fraud (U.S. Department of Justice)
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