Huawei stole secrets for decades, U.S. charges in new indictment against CFO and company

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A new indictment alleges that as well as trying to secretly evade U.S. sanctions on Iran, it did the same in selling products to North Korea

American prosecutors filed a sweeping new indictment against Meng Wanzhou and Huawei Technologies Thursday, alleging the Chinese company engaged in decades of intellectual-property theft in a racketeering-style operation.

And it alleges that as well as trying to secretly evade U.S. sanctions barring commercial relations with Iran, it did the same in selling products to North Korea. Meng has been under arrest in Vancouver since December 2018 under a U.S. extradition request that accuses her of fraud in the Iran-sanctions case. Her detention touched off a bitter feud between the countries, with China imprisoning two Canadians in what is widely seen as a tit-for-tat response.

Citing at least some cases that have come to light previously, the new indictment says Huawei violated confidentiality agreements, recruited rival companies’ employees and used professors and other proxies at research institutions to pilfer manuals, source code and other secrets.

 

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