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United States charges China's Huawei with bank fraud

United States charges China's Huawei with bank fraud”

Chinese foreign ministry spokesman Geng Shuang reiterated China's call for Canada to "make the correct choice" and release Meng so she could return to China.

The United States has charged China's Huawei Technologies Co Ltd, its chief financial officer and two affiliates with bank and wire fraud to violate sanctions against Iran in a case that has escalated tensions with Beijing.

In one of the two indictments, the Justice Department prosecutors accuse Huawei employees, including CFO Meng Wanzhou, of fraud.

"Huawei was also accused of stealing trade secrets from T-Mobile - robotic technology that tests smartphones, known as Tappy".

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After the match it was put to him whether that might be his last game in a Chelsea shirt and Hudson-Odoi was careful in his response.

Rather than being the work of one or two rogue actors, Whitaker said the alleged conduct bore the hallmarks of "corporate-sponsored behaviour" that was directed as company policy.

During a press conference this afternoon, the Department of Justice did just that, indicting the Chinese telecommunication company on 13 counts including money laundering, obstruction of justice, and sanction violations. Huawei and its subsidiary Skycom face charges of bank fraud, wire fraud and conspiracy, as well as of violating the U.S. International Emergency Economic Powers Act - the sanctions law. At issue are allegations that Chinese companies are stealing intellectual property from US tech companies.

Wray said firms like Huawei "pose a dual threat to both our economic and national security, and the magnitude of these charges make clear just how seriously the Federal Bureau of Investigation takes this threat".

Mr Whitaker said Huawei had lied to the United States government to obstruct investigations, moved potential witnesses back to China, and misled banks to continue to process transactions.

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Prosecutors said Huawei, and Meng in particular, lied to banking authorities to avoid questions about whether the firm evaded US sanctions prohibiting firms from doing business with Iran.

Acting Attorney General Matt Whitaker says the department is proceeding with its extradition efforts against Meng, who was detained December 1 at the request of the USA upon arriving at the airport in Vancouver. President Donald Trump's own musings fuelled speculation that the USA might be planning to use the case as leverage in its trade negotiations with China.

The charges come as the two countries' leaders seek to end their monthslong trade war and with China's lead trade negotiator, Liu He, scheduled to meet with U.S. officials in Washington in coming days. This decision came at the urging of Chinese President Xi and around the same time China helped facilitate a meeting between the US President and North Korea's leader.

White House spokeswoman Sarah Sanders says the two developments are unrelated.

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