USA charges China's Huawei with bank fraud, stealing trade secrets

Matthew Whitaker, the acting attorney general, said grand juries in Seattle and NY had indicted Huawei, its affiliates and its chief financial officer on 23 criminal charges.

In a 13-count indictment, the Justice Department said Huawei misled a global bank and US authorities about its relationship with the subsidiaries, Skycom Tech and Huawei Device USA Inc, in order to conduct business in Iran.

The charges allege, among other things, that the company misrepresented its ownership of a Hong Kong-based subsidiary to circumvent American sanctions against Iran, and stole telecommunications technology, trade secrets and equipment from US cell provider T-Mobile USA.

USA authorities have accused Meng of misleading a global bank about Huawei's links to a company that the United States claims operated as an unofficial subsidiary to conduct business in Iran in violation of sanctions against Tehran, Canadian court documents show.

Acting Attorney General Matthew Whitaker, Homeland Secretary Kirstjen Nielsen, Commerce Secretary Wilbur Ross and FBI Director Christopher Wray will make a China-related enforcement announcement at 4:30 p.m., according to the Justice Department.

A second case alleges the company stole technology from T Mobile used to test smart phone durability.

The U.S. government is trying to prevent American companies from buying Huawei routers and switches and is pressing allies to do the same. T-Mobile said in its lawsuit that Huawei was able to use stolen parts from the robot to "develop, improve and troubleshoot its own robot".

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