Current AffairsWorld

US charges Huawei with various allegations

Washington, Jan 29 (IECurrentAffairs) With a total 23 criminal charges against the world’s biggest manufacturer of telecommunications equipment, Huawei, the US department of Justice has unsealed two indictments including trading secrets and defrauding banks to elude US sactions.

Company’s CFO (Cheif Chief Financial Officer) Meng Wanzhou is accused of stealing trade secrets and sanctions violations, Acting Attorney General Matthew Whitaker said in a press conference, reports the Guardian.

Kirstjen Nielsen, the US homeland security secretary, said Huawei had operated a scheme that had been “detrimental to the security of the United States” by undermining sanctions against Iran.

The charges imposes that Huawei had also barred justice by keeping secrets about its Iranian subsidiary, and even destroying potential proofs about the fraud back to China so the US investigators could not reach them, US prosecutors said.

Via UNI-India
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