Huawei Hit With New Charges; CFO Named as Defendant

U.S. prosecutors have charged the Chinese tech large Huawei with racketeering and conspiracy to steal trade techniques.

The a few new allegations, which insert to previously fees the enterprise engaged in lender fraud and violated U.S. sanctions versus Iran, were unsealed Thursday by a U.S. District Court docket in New York.

Prosecutors cited Huawei’s, “long-functioning follow of utilizing fraud and deception to misappropriate refined technologies from U.S. counterparts.”

Huawei Chief Money Officer Meng Wanzhou, the daughter of Huawei founder Ren Zhengfei, is named as a defendant in the case. Canada is determining whether or not to look for extradition of Meng.

Huawei CFO Meng Wanzhou

The enterprise reported it was, “not aware of any wrongdoing by Meng, and thinks the U.S. courts will eventually get to the exact same summary.” It accused the U.S. of trying to get to “irrevocably damage” its standing.

“This new indictment is section of the

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