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US-China tensions rise

Huawei faces criminal charges of stealing US trade secrets

Huawei

Huawei denies any wrongdoing (pic: Huawei website)


Tensions between the US and China are expected to rise after the US Justice Department filed criminal charges against China’s largest technology company.

Telecoms giant Huawei and its chief financial officer Meng Wanzhou face charges of bank and wire fraud as well as conspiracy in connection with business in Iran. Separately, the company is accused of stealing trade secrets from T-Mobile USA and offering bonuses to employees who succeeded in getting technology from rivals.

Huawei denies the charges which come just ahead of a resumption of trade talks between the US and China.

In a statement it said: “The company denies that it or its subsidiary or affiliate have committed any of the asserted violations of US law set forth in each of the indictments, is not aware of any wrongdoing by Ms Meng and believes the US courts will ultimately reach the same conclusion.” The company also said it had attempted to open discussions with the US Justice Department., but the request was rejected.

Ms Meng was arrested in Canada last month at the request of the US for allegedly evading sanctions on Iran. Huawei says it didn’t commit “any of the asserted violations” and that it “is not aware of any wrongdoing” by its CFO.

The company added that claims of trade secret theft were already the subject of a settled civil suit, in which a jury found “neither damages nor wilful and malicious conduct”.



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