Justice Department charges Huawei with fraud, ratcheting up US-China tensions
The Justice Department announced criminal charges against Huawei, the world’s largest communications equipment manufacturer, and one of its top executives — a move likely to intensify trade tensions between the US and China. A 13-count indictment filed in New York City against Huawei, two of its affiliated firms, and its chief financial officer, Meng Wanzhou, accuses Huawei and an affiliate of bank fraud and wire fraud. The company is also charged with violating US sanctions on Iran and conspiring to obstruct justice related to the investigation. The Justice Department also accused Huawei of conspiring to steal trade secrets from a competitor, T-Mobile. The charges relate to a criminal investigation that stemmed from a 2014 civil suit between the two companies. In that civil case, T-Mobile accused Huawei of stealing proprietary robotics technology that the telecom company used to diagnose quality-control issues in cellphones. Huawei was found guilty in May 2017.
Justice Department charges Huawei with fraud, ratcheting up US-China tensions Department of Justice Press Release U.S. Formally Accuses Huawei Executive of Helping Evade Iran Sanctions (New York Times) U.S. Authorities Unveil Sweeping Set of Charges Against China’s Huawei (Wall Street Journal)