INTERNATIONAL

US files charges against China’s Huawei and its CFO

(UTV|COLOMBO) – The Justice Department of the United States (US) has filed a host of criminal charges against Chinese telecoms giant Huawei and its Chief Financial Officer (CFO), Meng Wanzhou.

The charges against the world’s second largest smartphone maker include accusations of bank fraud, obstruction of justice and theft of technology.

The case could ratchet up tensions between China and the US, and impact the firm’s global expansion efforts.

Both Ms. Meng and Huawei deny the allegations.

Ms. Meng was arrested in Canada last month at the request of the US for allegedly evading sanctions on Iran.

“For years, Chinese firms have broken our export laws and undermined sanctions, often using US financial systems to facilitate their illegal activities. This will end,” said US Commerce Secretary Wilbur Ross.

[alert color=”faebcc” icon=”fa-commenting”]Keeping up to date with breaking news while you are on the move is now simple with UTV Alerts [textmarker color=”8a6d3b”]Type REG UTV and send to 77000[/textmarker] on your Dialog, Airtel, or Hutch mobile connection[/alert]

 

Related posts

Countdown clock to illuminate Downing Street on Brexit Day

editor

New Zealand supermarket stabbing: Government to toughen anti-terror laws

R Rishma

Israel PM ‘flew to Saudi Arabia for secret talks with crown prince’

R Rishma