Latest news with #MengWanzhou
Time of India
04-07-2025
- Business
- Time of India
America 'accuses' one of China's largest technology company: You plotted to steal our trade secrets and ...
Representative AI image A U.S. federal judge has reportedly ruled that Huawei Technologies , China's leading telecommunications equipment manufacturer, must face a sweeping 16-count indictment accusing the company of stealing trade secrets, racketeering, wire and bank fraud, and violating U.S. sanctions . U.S. District Judge Ann Donnelly rejected Huawei's motion to dismiss the charges, calling the company's arguments premature in a 52-page ruling, according to court documents. According to a report by news agency AP, the U.S. Justice Department (DoJ) alleges that Huawei and its subsidiaries engaged in a concerted effort to steal American trade secrets, installed surveillance equipment that aided Iran in monitoring protesters during 2009 anti-government demonstrations, and conducted business in North Korea despite U.S. sanctions. The 2019 indictment also charged Huawei with using a Hong Kong shell company, Skycom, to sell equipment to Iran in violation of sanctions, and accused its chief financial officer, Meng Wanzhou , of misleading HSBC about Huawei's Iranian dealings. Arrest of Huawei founder's daughter in Canada Meng, the daughter of Huawei's founder, was arrested in Canada in 2018 on a U.S. extradition request but was released in 2021 as part of a prisoner swap that freed two Canadians detained by China. Huawei did not immediately respond to requests for comment on the ruling. The case, which intensified during former President Donald Trump's administration, saw the U.S. raise national security concerns and urge Western allies to exclude Huawei from their high-speed wireless networks. Chinese officials have countered, accusing the U.S. of 'economic bullying' and using national security as a pretext to suppress Chinese companies. Huawei's legal team argued the allegations were vague and some charges improperly applied U.S. law extraterritorially. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo Facing U.S. sanctions that have restricted access to American processor chips and technology, Huawei, the world's largest network gear maker, has pivoted to developing its own chips and focusing on the Chinese market. The company has also expanded into network technology for hospitals, factories, and other industrial sectors less affected by U.S. restrictions. The ruling sets the stage for a high-profile legal battle as Huawei confronts the serious allegations in the U.S. federal court.
Yahoo
03-07-2025
- Business
- Yahoo
US judge says China's Huawei Technologies must face criminal case for racketeering and other charges
BANGKOK (AP) — A U.S. judge has ruled that China's Huawei Technologies, a leading telecoms equipment company, must face criminal charges in a wide reaching case alleging it stole technology and engaged in racketeering, wire and bank fraud and other crimes. U.S. District Judge Ann Donnelly on Tuesday rejected Huawei's request to dismiss the allegations in a 16-count federal indictment against the company, saying in a 52-page ruling that its arguments were premature. The company did not immediately respond to a request for comment. The U.S. accuses Huawei and some of its subsidiaries of plotting to steal U.S. trade secrets, installing surveillance equipment that enabled Iran to spy on protesters during 2009 anti-government demonstrations in Iran, and of doing business in North Korea despite U.S. sanctions there. During President Donald Trump's first term in office, his administration raised national security concerns and began lobbying Western allies against including Huawei in their wireless, high-speed networks. In its January 2019 indictment, the Justice Department accused Huawei of using a Hong Kong shell company called Skycom to sell equipment to Iran in violation of U.S. sanctions and charged its chief financial officer, Meng Wanzhou, with fraud by misleading the HSBC bank about the company's business dealings in Iran. Meng, the daughter of Huawei's founder, was arrested in Canada in late 2018 on a U.S. extradition request but released in September 2021 in a high-stakes prisoner swap that freed two Canadians held by China and allowed her to return home. Chinese officials have accused the U.S. government of 'economic bullying' and of improperly using national security as a pretext for 'oppressing Chinese companies.' In their motion to dismiss the broad criminal case, among other arguments Huawei's lawyers contended that the U.S. allegations were too vague and some were 'impermissibly extraterritorial," and do not involve domestic wire and bank fraud. The biggest maker of network gear, Huawei struggled to hold onto its market share under sanctions that have blocked its access to most U.S. processor chips and other technology. The limits led it to ramp up its own development of computer chips and other advanced technologies. The company also shifted its focus to the Chinese market and to network technology for hospitals, factories and other industrial customers and other products that would not be affected by U.S. sanctions.
Tahawul Tech
03-07-2025
- Business
- Tahawul Tech
Huawei receives criminal charges
Huawei looks to be facing criminal charges in the U.S. which allege the company stole technology from US companies. A district judge in the US state of New York found Huawei engaged in racketeering to expand its brand, stole trade secrets from six companies and committed bank fraud in Iran. The 16-count indictment is related to Huawei's alleged control of Skycom, which is a company based in Hong Kong conducting business in Iran. The judge stated prosecutors satisfactorily alleged Skycom 'operated as Huawei's Iranian subsidiary and ultimately stood to benefit, in a roundabout way' from more than $100 million in transfers through the US financial system, Reuters reported. The vendor pled not guilty and attempted to dismiss 13 of the 16 counts. The news site reported a trial is scheduled for 4 May 2026. The case dates back to 2019 when the US Department of Justice filed criminal charges against China-based Huawei. Company CFO Meng Wanzhou, the daughter of founder Ren Zhengfei, was also charged with bank fraud, wire fraud and conspiracy. The US government dismissed the charges against Wanzhou in 2022 after being held in Canada for nearly three years on fraud charges. Source: Mobile World Live/Reuters Image Credit: Huawei
CTV News
02-07-2025
- Business
- CTV News
U.S. judge says China's Huawei Technologies must face criminal case for racketeering and other charges
A customer carries his purchased Huawei product outside a Huawei store after he attended the Huawei new product launch conference in Beijing, on Sept. 25, 2023. (AP Photo/Andy Wong, File) BANGKOK — A U.S. judge has ruled that China's Huawei Technologies, a leading telecoms equipment company, must face criminal charges in a wide reaching case alleging it stole technology and engaged in racketeering, wire and bank fraud and other crimes. U.S. District Judge Ann Donnelly on Tuesday rejected Huawei's request to dismiss the allegations in a 16-count federal indictment against the company, saying in a 52-page ruling that its arguments were premature. The company did not immediately respond to a request for comment. The U.S. accuses Huawei and some of its subsidiaries of plotting to steal U.S. trade secrets, installing surveillance equipment that enabled Iran to spy on protesters during 2009 anti-government demonstrations in Iran, and of doing business in North Korea despite U.S. sanctions there. During U.S. President Donald Trump's first term in office, his administration raised national security concerns and began lobbying Western allies against including Huawei in their wireless, high-speed networks. In its January 2019 indictment, the Justice Department accused Huawei of using a Hong Kong shell company called Skycom to sell equipment to Iran in violation of U.S. sanctions and charged its chief financial officer, Meng Wanzhou, with fraud by misleading the HSBC bank about the company's business dealings in Iran. Meng, the daughter of Huawei's founder, was arrested in Canada in late 2018 on a U.S. extradition request but released in September 2021 in a high-stakes prisoner swap that freed two Canadians held by China and allowed her to return home. Chinese officials have accused the U.S. government of 'economic bullying' and of improperly using national security as a pretext for 'oppressing Chinese companies.' In their motion to dismiss the broad criminal case, among other arguments Huawei's lawyers contended that the U.S. allegations were too vague and some were 'impermissibly extraterritorial," and do not involve domestic wire and bank fraud. The biggest maker of network gear, Huawei struggled to hold onto its market share under sanctions that have blocked its access to most U.S. processor chips and other technology. The limits led it to ramp up its own development of computer chips and other advanced technologies. The company also shifted its focus to the Chinese market and to network technology for hospitals, factories and other industrial customers and other products that would not be affected by U.S. sanctions. Elaine Kurtenbach, The Associated Press
Boston Globe
02-07-2025
- Business
- Boston Globe
US judge says China's Huawei Technologies must face criminal case for racketeering and other charges
The U.S. accuses Huawei and some of its subsidiaries of plotting to steal U.S. trade secrets, installing surveillance equipment that enabled Iran to spy on protesters during 2009 anti-government demonstrations in Iran, and of doing business in North Korea despite U.S. sanctions there. During President Donald Trump's first term in office, his administration raised national security concerns and began lobbying Western allies against including Huawei in their wireless, high-speed networks. Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up In its January 2019 indictment, the Justice Department accused Huawei of using a Hong Kong shell company called Skycom to sell equipment to Iran in violation of U.S. sanctions and charged its chief financial officer, Meng Wanzhou, with fraud by misleading the HSBC bank about the company's business dealings in Iran. Advertisement Meng, the daughter of Huawei's founder, was arrested in Canada in late 2018 on a U.S. extradition request but released in September 2021 in a high-stakes prisoner swap that freed two Canadians held by China and allowed her to return home. Chinese officials have accused the U.S. government of 'economic bullying' and of improperly using national security as a pretext for 'oppressing Chinese companies.' In their motion to dismiss the broad criminal case, among other arguments Huawei's lawyers contended that the U.S. allegations were too vague and some were 'impermissibly extraterritorial,' and do not involve domestic wire and bank fraud. Advertisement The biggest maker of network gear, Huawei struggled to hold onto its market share under sanctions that have blocked its access to most U.S. processor chips and other technology. The limits led it to ramp up its own development of computer chips and other advanced technologies. The company also shifted its focus to the Chinese market and to network technology for hospitals, factories and other industrial customers and other products that would not be affected by U.S. sanctions.
