Huawei and its CFO in hot water as US Department of Justice files criminal charges

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Criminal charges have been filed by the U.S. Department of Justice against Huawei’s CFO, Meng Wanzhou, along with additional theft charges onto the Chinese tech firm which derive from a lawsuit filed by T-Mobile in 2014.

FBI Director Christopher stated, "Huawei and its senior executives repeatedly refused to respect U.S. law."

"Huawei ... systematically sought to steal valuable trade secrets."

While Attorney General Matthew Whitaker confirming the extradition of Ms. Meng to the U.S. from Canada.

The allegations against Ms. Weng, as per the U.S. Eastern District office, involve wire fraud, obstructing of justice, conspiracy to launder money and violating the IEEPA (International emergency Economic Powers Act) as she used the facilities of Hong Kong based Skycom Technologies to engage business transactions with Iran.

"Had the banks known about Huawei's repeated violations of the [Iran sanctions] they would have re-evaluated their banking relationships with Huawei, including the provision of U.S.-dollar and Euro clearing service to Huawei," the indictment reads.

It has also been brought to light of how one of her electronic devices contained a message which read, "The core of the suggested talking points regarding Iran/Skycom: Huawei's operation in Iran comports with the laws, regulations and sanctions as required by the United Nations, the United States and the European Union."

It seems Huawei’s fortunes may just be taking a turning for the worst.


Source: Smart Trend Team