Home » Money

Justice Department files charges against tech giant Huawei

29 January, 2019, 05:00 | Author: Sara Gill
  • Conservatives slam Liberals for handling of Meng Wanzhou case

The U.S. Department of Justice has announced 13 criminal charges against the Chinese telecom giant Huawei, its CFO Meng Wangzhou, and its affiliates in the U.S. and Hong Kong.

Meng was arrested in early December 2018 by Canadian authorities at the request of the USA over allegations that she had committed fraud in sidestepping sanctions.

Acting U.S. attorney general Matthew Whitaker said Monday that a grand jury in NY had recommended the charges.

The US Justice Department has unveiled more than 20 charges against the Chinese telecommunications company Huawei, its chief financial officer and two affiliates. As a result of that claim, it was able to borrow money from US banks.

Prosecutors accuse Huawei of a long-running scheme, which started in 2007, to deceive numerous global banks and the us government regarding the company's business activities in Iran, a DOJ press release stated.

Due to alleged "misrepresentations by Huawei", the Department of Justice claims that U.S. banks maintained banking relationships with Huawei, and that these banks could have suffered criminal and civil penalties for processing transactions that were in violation of United States regulations and law.

The U.S. reimposed sanctions against Iran in August 2018.


Acting Attorney General Matthew Whitaker, FBI Director Christopher Wray and Homeland Security Secretary Kirstjen Nielsen announced the charges on Monday afternoon in Washington. Monday's announcement of criminal charges "is certainly not a propitious sign for US-China trade tensions and could hamper prospects for even a partial deal in the coming weeks", said Eswar Prasad, an economics professor and China expert at Cornell University. Both he and Federal Bureau of Investigation director Christopher Wray proffered thanks to their Canadian counterparts for their help and, in Whitaker's words, "their steadfast commitment to the rule of law". Huawei USA and its parent company are also charged with conspiracy to obstruct justice.

Meng's detention was also marked last month by President Donald Trump's public musings about the possibility that the case might help the U.S.in its trade negotiations with China.

The long-simmering dispute between the U.S. government and Huawei reached a boil today (Jan. 28), as federal prosecutors filed charges against the Chinese phone maker alleging fraud and trade secret theft.Credit: ShutterstockThe charges come from separate cases filed in U.S. District Courts in NY and Washington, respectively.

The company's US branch is also accused of stealing trade secrets and equipment from cellphone provider T-Mobile USA. Charges listed in the Washington State indictment against Huawei Device Co., Ltd. and Huawei Device Co. Meng is out on bail in Vancouver and her case is due back in court Tuesday as she awaits extradition proceedings to begin.

Meng, 46, the daughter of the company's founder, was arrested in Canada Dec. 1 on allegations that she committed fraud to sidestep sanctions against Iran.

Beijing and Washington are engaging in high-level talks this week as part of negotiations meant to walk back trade tensions between the globe's two largest economies.

Recommended:



Popular

Influenza vaccine numbers down as Wales flu season begins
An increase in flu activity over the last week has led to school closures in at least 12 states, including New Jersey. As of January 13 of the 2017-18 season, flu attributed to 3.23 percent of all outpatient visits in Iowa.

Denver Weather: Next Round Of Cold, Snow Expected By Monday Morning
It's a very active week weather-wise starting Tuesday afternoon and evening, when rain changes to snow and temperatures tumble. With that said, some spots are in the running for light snow accumulations, especially along and north of the I-64 corridor.

Trump Reacts to Roger Stone's Arrest With Call to Indict 'Crooked Hillary'
Corsi, who was in Europe at the time, responded to Stone in an email on August 2: "Word is friend in embassy plans 2 more dumps". MSNBC's Joy Reid asked Nunberg , "Could it be Donald Trump? " referring to the "senior campaign official" from the indictment .

Vodafone Won't Use Huawei Equipment in Core Networks
Read also said that the government needs to "get the facts on the table and make clear what the plan of action should be". A Huawei spokesman said: "Vodafone and Huawei are long-term strategic partners that have worked together since 2007".

Bradley Cooper and Lady Gaga Surprise Las Vegas Audience With Shallow Duet
Going by the crowd reaction, you've got to imagine that a possible tour has been floated for Bradley Cooper and Lady Gaga . In a video of the duet, Cooper and Gaga look into each other's eyes as she plays the piano, and rests his hand on her arm.

Grizzlies Quietly Evaluating Potential Marc Gasol Trade Scenarios
Gasol and LaMarcus Aldridge wouldn't exactly be a mobile pairing, but would certainly create problems for opposing defenses. The NBA trade deadline is set for February 7 and some players may find themselves changing zip codes soon.

Venezuela Allows US Diplomats To Stay After Pompeo Draws A Hard Line
This is the USA supporting the people of Venezuela, who want their constitution and democracy followed. The uprising was quelled and 25 guardsmen were arrested.

5 dead after shooting spree in Louisiana
Officials say Theirot was last seen driving a gray and silver 2004 Dodge Pick-Up truck with Louisiana license plate #C583809. "We feel that they are related", Ascension Parish Sheriff Bobby Webre told reporters at an afternoon press conference .

Boy wins science fair proving Tom Brady's a cheater
Ace, who also plays quarterback , even used a Brady deflate-gate meme picture and an image of the player crying for his project. He told the site his project will now be entered into a statewide competition.

Will the Samsung Galaxy S10 come cryptocurrency-ready?
One of them is being rumoured as the Samsung Galaxy S10E while the other one is tipped as Samsung Galaxy S10 +. Samsung has launched a new smartphone in it home country of South Korea, the Samsung Galaxy A9 Pro 2019 .