US Charges Huawei, Affiliates, CFO With Conspiracy, Stealing Trade Secrets

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According to ABC News, Huawei, two of its affiliates (Huawei Device USA and Skycom Tech) along with CFO Meng Wanzhou were charged with committing various crimes. Watch live in the player above.

The Justice Department says that Meng is specifically charged with bank fraud, wire fraud and conspiracies to commit bank and wire fraud.

The Justice Department also accused Huawei of conspiring to steal trade secrets from a competitor, T-Mobile. Huawei had done business in Iran through a Hong Kong company called Skycom and alleged that Meng misled US banks into believing the two companies were separate, according to prosecutors.

"As part of this scheme to defraud", alleges the DOJ press release, "Meng allegedly personally made a presentation in August 2013 to an executive of one of Huawei's major banking partners in which she repeatedly lied about the relationship between Huawei and Skycom".

This story is developing and will be updated.

In a separate case, the Justice Department said Huawei stole robotic technology from carrier T-Mobile US Inc.

Whitaker said some of the behavior documented in the criminal counts goes back to 2007 at Huawei, some of it also going to the very top ranks of its leadership.

The sweeping indictments accuse the company of using extreme efforts to steal trade secrets from American businesses - including trying to take a piece of a robot from a T-Mobile lab.

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U.S. Commerce Secretary Wilbur Ross said the Huawei charges are "wholly separate" from the trade negotiations.

Huawei Technologies Chief Financial Officer Meng Wanzhou exits the court registry following a bail hearing at British Columbia Superior Courts in Vancouver on December 11, 2018.

"As a country we have to carefully consider the risks a company like Huawei will impose on our national security", he said.

He reaffirmed that the seeking extradition of Meng and would formally file for the extradition by Tuesday, Canada's deadline.

The alleged conduct bore the hallmarks not of rogue actors, but of "corporate-sponsored behaviour" that was directed as company policy, acting Attorney General Matt Whitaker told a news conference.

The Wall Street Journal reported last week that Huawei was under federal investigation and might soon have charges filed against it.

The announcement came as USA officials are scheduled to meet with representatives of the Chinese government this week to try broker an elusive trade agreement and end the prolonged tariff war between the two economic giants. Huawei officials also provided assurances to the US Congress that its business didn't run afoul of any US law pertaining to Iran.

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