DOJ charges Chinese tech giant Huawei, top executive with fraud

TPG stops rollout of what would've been Australia's fourth mobile network

China blasts 'slander' against Huawei: Report

Shortly after, in a move widely seen as retaliation for Meng's arrest, Chinese authorities detained two Canadians, including a former diplomat, on security charges.

In a 13-count indictment in Brooklyn, New York, the government alleged Huawei, two affiliated companies and its chief financial officer of fraud and conspiracy in connection with deals in Iran.

After years of calling Chinese smartphone and network equipment manufacturer Huawei a threat to national security, the US today announced a 13 count indictment against the company.

In a separate case, the Justice Department also accused Huawei of stealing trade secrets, wire fraud and obstructing justice for allegedly stealing robotic technology from carrier T-Mobile US Inc to test smartphones' durability.

Prosecutors claim that the telecom giant used a Hong Kong company to sell equipment in Iran.

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The defendants Huawei and Skycom are charged with bank fraud and conspiracy to commit bank fraud, wire fraud and conspiracy to commit wire fraud, violations of the International Emergency Economic Powers Act (IEEPA) and conspiracy to violate IEEPA, and conspiracy to commit money laundering. At issue are allegations that Chinese companies are stealing intellectual property from USA tech companies. When news reports in 2013 found that it was, "Huawei employees, and in particular Meng, continued to lie to Huawei's banking partners about Huawei's relationship with Skycom", the department says in a brief on the case.

Canadian officials arrested Meng on a U.S. warrant on December 1.

U.S. authorities accuse her of playing a lead role in the scheme to use subsidiaries to conduct business in Iran in violation of U.S. sanctions against Tehran.

The cases "expose Huawei's brazen and persistent actions to exploit American companies and financial institutions, and to threaten the free and fair global marketplace", Christopher Wray, director of the Federal Bureau of Investigation, said at a press conference in Washington announcing the charges.

Bad Timing for U.S.

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Whitaker confirmed that the department is proceeding with its extradition efforts against Meng in accordance with the existing timetable, which requires that the formal request be registered with the Canadian courts by Wednesday.

Meng misled U.S. banks into believing the two companies were separate, according to the Justice Department.

Canada arrested Meng at the request of the United States. That order could come as early as next month, two officials said.

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.

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