Tuesday 29 January 2019

US announces criminal charges against Huawei, seeks to extradite its CFO

Acting Attorney General Matthew Whitaker Holds News Conference To Announce A Law Enforcement Against China

In a press event today, the U.S. Department of Justice revealed that it is pursuing criminal charges against Chinese mobile giant Huawei. Following a story from the Wall Street Jordan earlier this month, our source previously reported  that the indictments were set to be unsealed soon.A grand jury in Seattle has charged Huawei with conspiracy to steal trade secrets, attempted theft of trade secrets, seven counts of wire fraud and one count of obstruction of justice for the company’s alleged attempts to move potential witnesses back to China. The indictments grew out of a civil suit dating all the way back to 2014 in which T-Mobile sued Huawei for stealing trade secrets related to a robotic phone-testing device known as “Tappy.”“As I told Chinese officials in August, China must hold its citizens and Chinese companies accountable for complying with the law,” Acting Attorney General Matthew Whitaker said.In addition to the company itself, Huawei CFO Meng Wanzhou  and Huawei affiliates Skycom Huawei Device UEA also face charges in a 13 count indictment from the grand juryNew York. Meng, the daughter of the company’s founder, faces charges of bank fraud, wire fraud and conspiracy to commit bank and wire fraud .In December, Canada arrested the Huawei executive on charges related to deceptive practices designed to skirt U.S. sanctions against Iran. She remained free on bail in Vancouver as Canada waited for the u.s to make a formal request for her extradition before a January 30 deadline.

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