Huawei violation on sanctions

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Huawai  been dropped from major
markets in the past year, plus the arrest and US federal charges against finance chief Meng Wanzhou accusing bank and wire fraud from Tropical Mobile.
Whitaker just announced the U.S. is charging Huawei and its CFO Meng Wanzhou with financial fraud and is seeking her extradition to the U.S.

US has filed 13 charges against Chinese telecom firm Huawei Technologies, top executive Meng Wanzhou, and two affiliates over the alleged violation of sanctions on Iran. 13-count indictment against China’s Huawei, two subsidiaries and its CFO Meng Wanzho.

u.afp.com/J4jR

United States on Monday announced criminal charges against China’s Huawei Technologies, escalating a fight with the world’s biggest telecommunications equipment maker and coming days before trade talks between Washington and Beijing.

The Justice Department charged Huawei and its chief financial officer Meng Wanzhou with conspiring to violate US sanctions on Iran by doing business with Tehran through a subsidiary it tried to hide and that was reported on by Reuters in 2012 and 2013.

In a separate case, the Justice Department said Huawei stole robotic technology from carrier T-Mobile US Huawei has said that the two companies settled their disputes in 2017.

Meng, who is the daughter of Huawei’s founder, was arrested in Canada in December and is fighting extradition to the United States. The charges against Meng, which include bank and wire fraud, were not unsealed until Monday.

Her arrest enraged China, which responded by arresting two Canadians on national security grounds.

Beijing and Washington are engaging in high-level talks this week as part of negotiations intended to walk back trade tensions between the globe’s two largest economies.

US Commerce Secretary Wilbur Ross said the Huawei charges are “wholly separate” from the trade negotiations.

US authorities accuse Meng of playing a lead role in the scheme to use a subsidiary to conduct business in Iran in violation of US sanctions against Tehran.

Meng has said that she is innocent and Huawei did not respond to requests for comment on the charges announced Monday.

President Donald Trump said in December he could intervene in the case if it would serve national security interests or help close a trade deal with China.

The Trump administration is trying to prevent American companies from buying Huawei routers and switches and pressing allies to do the same. US security experts are concerned that the equipment could be used to spy on the United States.

Huawei’s founder, Ren Zhengfei, denies his company’s products would be used by the Chinese government to spy.

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