Justice Department announces charges against China's Huawei2019-01-29 13:58 by DanielaTags: Huawei
Federal prosecutors have filed suit against Huawei, the largest smartphone maker in China, on allegations of stealing trade secrets from T-Mobile and violating sanctions against doing business in Iran. The US Justice Department unveiled 13 charges against chief financial officer Meng Wanzhou – the daughter of the company's founder who is currently out on bail in Canada – and three affiliates related to violating US sanctions on Iran. "As you can tell from the number and magnitude of charges, Huawei and its senior executives repeatedly refused to respect the laws of the United States and standard international business practices," FBI Director Christopher Wray said during a press conference. "Huawei also intentionally and systematically sought to steal valuable intellectual property from an American company, so it could circumvent hard-earned, time-consuming research and gain an unfair market advantage," he continued, blasting the company's "dishonest business practices." China reacted furiously, saying there were "strong political manipulations" behind the case against Huawei. The development is likely to upset talks between Beijing and Washington this week as part of negotiations intended to walk back trade tensions between the globe's two largest economies. Read more -here-
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