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.
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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.
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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.
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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.
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.
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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.