Home NEWS US Hits Huawei With Charges of Fraud and Stealing Trade Secrets

US Hits Huawei With Charges of Fraud and Stealing Trade Secrets

59
0
US Hits Huawei With Charges of Fraud and Stealing Trade Secrets
US Hits Huawei With Charges of Fraud and Stealing Trade Secrets
Want create site? Find Free WordPress Themes and plugins.

US Hits Huawei With Charges of Fraud and Stealing Trade Secrets

US authorities have hit Chinese tech giant Huawei with more than a dozen fraud charges, including stealing trade secrets.

READ MORE: Nursing Mother Jailed For Stealing

The Justice Department unsealed two indictments against the smartphone maker,

including counts of bank fraud, conspiracy to commit wire fraud, and violating the International Emergency Economic Powers Act.

Most of the charges were filed in New York, but a separate case filed in Washington alleged that the company stole trade secrets from US phone firm T-Mobile.

READ MORE: Apple Hits 1 Trillion Market Value

Huawei is banned from selling its phones in the US
Huawei is banned from selling its phones in the US

Huawei is banned from selling its phones in the US

The charges come almost two months after the chief financial officer of Huawei was arrested in Canada.

Meng Wanzhou was detained on 1 December and accused by prosecutors of committing fraud

by misleading US banks about business deals Huawei has in Iran.

READ MORE: PDP Mocks Buhari and APC

It is alleged that the firm used a shell company in Hong Kong to sell equipment in the Middle Eastern country, which would be a violation of US sanctions.

Meng Wanzhou is a long-serving executive at the company
Meng Wanzhou is a long-serving executive at the company

Huawei Despite being completely locked out of the US,

Huawei surpassed Apple earlier this year to become the number two smartphone maker in the world – only behind Samsung.

READ MORE: WhatsApp New Features

It has been helped by securing an increased share of the UK market, with TechRadar reporting that its acclaimed P20 handset had contributed to a rise from 2.7% to 13.7% in the three months leading up to July 2018.

Did you find apk for android? You can find new Free Android Games and apps.

What do you have to say on this ?

This site uses Akismet to reduce spam. Learn how your comment data is processed.