Huawei Hit With New Charges; CFO Named as Defendant

Lincoln Wylie

U.S. prosecutors have billed the Chinese tech huge Huawei with racketeering and conspiracy to steal trade tricks.

The three new allegations, which include to earlier expenses the business engaged in lender fraud and violated U.S. sanctions versus Iran, were unsealed Thursday by a U.S. District Courtroom in New York.

Prosecutors cited Huawei’s, “long-managing practice of working with fraud and deception to misappropriate subtle technologies from U.S. counterparts.”

Huawei Main Monetary Officer Meng Wanzhou, the daughter of Huawei founder Ren Zhengfei, is named as a defendant in the case. Canada is pinpointing whether to seek out extradition of Meng.

Huawei CFO Meng Wanzhou

The business mentioned it was, “not aware of any wrongdoing by Meng, and believes the U.S. courts will eventually achieve the similar conclusion.” It accused the U.S. of trying to get to “irrevocably damage” its reputation.

“This new indictment is section of the Justice Department’s endeavor to irrevocably

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