Business Standard

US charges Huawei with bank fraud, technology theft, sanctions violations

Huawei has been the target of a broad US crackdown, including allegations it sold telecommunications equipment that could be used by China's Communist Party for spying

Huawei
Premium

Photo: Reuters

Patricia Hurtado and Chris Strohm | Bloomberg
U.S. prosecutors filed criminal charges against Huawei Technologies Co., China’s largest technology company, alleging it stole trade secrets from an American rival and committed bank fraud by violating sanctions against doing business with Iran.

Huawei has been the target of a broad U.S. crackdown, including allegations it sold telecommunications equipment that could be used by China’s Communist Party for spying. The charges filed Monday also mark an escalation of tensions between the world’s two largest economies, which are mired in a trade war that has roiled markets.

In a 13-count indictment in Brooklyn, New York, the government alleged Huawei, two
Topics : Huawei

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 29 2019 | 6:27 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com