Just in case you were wondering what is going on between the United States and Huawei Technologies, On the 28th of January the U.S charged Huawei and Skycom with bank fraud, conspiracy to commit bank fraud, conspiracy to defraud the United States, conspiracy to violate and substantive violations of the International Emergency Economic Powers Act (IEEPA), and conspiracy to commit money laundering.
The charges against Huawei were announced by Matthew Whitaker, FBI director Christopher Wray, Commerce Secretary Wilbur Ross, Homeland Security Secretary Kirstjen Nielsen and others.
Acting Attorney Donoghue in a statement says “For over a decade, Huawei employed a strategy of lies and deceit to conduct and grow its business. This Office will continue to hold accountable companies and their executives, whether here or abroad, that commit fraud against U.S. financial institutions and their international counterparts and violate U.S. laws designed to maintain our national security.”
The prosecutor charges Huawei and its Chief Financial Officer (CFO) Meng Wanzhou along with two other affiliates with doing business with Iran in violation of their sanctions. Having alleged that Huawei and Meng conspired to decieve the U.S and other Financial Institutions involved regarding operations with an Iranian subsidiary of theirs called Skycom.
She was arrested by Canadian authorities at the Orders of the U.S Government.
Huawei issued a statement on Tuesday saying “The Company denies that it or its subsidiary or affiliate have committed any of the asserted violations,”
In another indictment from the U.S they charge Huawei with stealing trade secrets from T-mobile, internal emails obtained by the FBI showed that “the conspiracy to steal secrets from T-Mobile was a company-wide effort involving many engineers and employees within the two charged companies.”
Prosecutors also claim that the Company’s emails showed Huawei offered bonuses to employees who stole trade secrets from other companies and provided them to Huawei via an encrypted email address.