US charges Chinese telecom giant Huawei with fraud, stealing trade secrets

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Meanwhile, a grand jury in NY has also returned an indictment alleging 13 crimes committed by Huawei, its CFO, an affiliate in Iran and one of its subsidiaries in the US.

Prosecutors also allege that Huawei stole trade secrets, including the technology behind a robotic device T-Mobile used to test smartphones, prosecutors said.

The U.S. has been expected to announce charges against Huawei's CFO Meng Wanzhou since she was arrested in Vancouver in December by Canadian police.

The department unveiled 13 charges against chief financial officer Meng Wanzhou - the daughter of the company's founder who is now out on bail in Canada - and three affiliates related to violating United States sanctions on Iran. Meng's arrest sparked outrage in China, which called for her immediate release and condemned the move as a US - led effort to thwart the telecom giant and constrain China's global ambitions.

The seriousness of these charges primarily surrounds Huawei's alleged violation of the US sanctions against Iran.

Huawei officials also provided assurances to the US Congress that its business didn't run afoul of any US law pertaining to Iran.

"As you can tell from the number and magnitude of the charges, Huawei and its senior executives repeatedly refused to respect US law and standard worldwide business practices", said FBI Director Chris Wray.

The ongoing US-led opposition to Huawei Technologies Co.

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Decker responded to the company thanking them for their continued support for the five years she's been with them. In a Tweet posted Saturday afternoon, CCM announced it would give Decker the $25,000.

A federal grand jury in Brooklyn, New York, charged Huawei - and Meng - with money laundering, bank fraud, wire fraud and conspiracy.

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

He reaffirmed that the U.S.is seeking extradition of Meng and would formally file for the extradition by Tuesday, Canada's deadline.

It alleged the two executives tried to steal robotic technology from USA carrier T-Mobile to test smartphones' durability. Huawei and Huawei USA are charged with conspiracy to obstruct justice related to the grand jury investigation in the Eastern District of NY.

"As charged in the indictment, Huawei and its Chief Financial Officer broke US law and have engaged in a fraudulent financial scheme that is detrimental to the security of the United States", Homeland Security Secretary Kirstjen Nielsen said in a press release announcing the charges.

The charges come at a volatile moment for the USA and China, which are still locked in trade tensions.

U.S. Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin and Commerce Secretary Wilbur Ross will take part in the two days of talks beginning Wednesday, along with the president's economic adviser Larry Kudlow and trade adviser Peter Navarro.

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