Huawei charged with bank fraud, stealing trade secrets by US

By on
Huawei charged with bank fraud, stealing trade secrets by US

The United States on Monday charged Huawei Technologies, its chief financial officer and two affiliates with bank and wire fraud to violate sanctions against Iran in a case that has added to tensions with Beijing.

In a 13-count indictment, the Justice Department said Huawei misled a global bank and US 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 Huawei of stealing trade secrets, wire fraud and obstructing justice for allegedly stealing robotic technology from carrier T-Mobile US to test smartphones' durability.

T-Mobile had accused Huawei of stealing the technology, called "Tappy," which mimicked human fingers and was used to test smartphones. Huawei has said that the two companies settled their disputes in 2017.

The charges add to pressure on Huawei, the world's biggest telecommunications equipment maker, from the US government, which is trying to prevent American companies from buying Huawei routers and switches and pressing allies to do the same.

(Reporting by Diane Bartz, David Shepardson, Sarah N. Lynch, Karen Freifeld, Chris Bing and Joseph Menn; Editing by Bill Rigby and Lisa Shumaker)

Got a news tip for our journalists? Share it with us anonymously here.
Tags:

Log in

Email:
Password:
  |  Forgot your password?
By using our site you accept that we use and share cookies and similar technologies to perform analytics and provide content and ads tailored to your interests. By continuing to use our site, you consent to this. Please see our Cookie Policy for more information.