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US Ratchets Up the Pressure on Huawei With New Indictments

Business, Spoken

English - February 01, 2019 07:10 - 5 minutes - ★★★★ - 16 ratings
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Embattled Chinese telecom giant Huawei has some new problems. The US Department of Justice Monday unsealed a 13-count indictment against Huawei and its CFO Meng Wanzhou, alleging the company misled banking partners about violations of US sanctions against Iran. The charges include bank fraud, wire fraud, money laundering, and obstruction of justice. Meng, who is also the daughter of Huawei founder Ren Zhengfei, was arrested in Canada last month and is awaiting extradition to the US.
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Embattled Chinese telecom giant Huawei has some new problems. The US Department of Justice Monday unsealed a 13-count indictment against Huawei and its CFO Meng Wanzhou, alleging the company misled banking partners about violations of US sanctions against Iran. The charges include bank fraud, wire fraud, money laundering, and obstruction of justice. Meng, who is also the daughter of Huawei founder Ren Zhengfei, was arrested in Canada last month and is awaiting extradition to the US.

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