US accuses Huawei of doing business with North Korea, helping Iran spy and more in new indictment

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Federal authorities hit Huawei with racketeering, conspiracy to steal trade secrets and a litany of other charges in the latest escalation of tensions between the U.S. and the Chinese telecom giant.

since December 2018 when she was arrested in Vancouver at the request of the United States.

"The government will not prevail on its charges, which we will prove to be both unfounded and unfair," it concluded."As a consequence of its campaign to steal this technology and intellectual property, Huawei was able to drastically cut its research and development costs and associated delays, giving the company a significant and unfair competitive advantage," the statement said.

Their alleged policy"made clear that employees who provided valuable information were to be financially rewarded," it added.The indictment also includes new allegations that Huawei and its subsidiaries did business in countries subject to sanctions, such as Iran and North Korea.

 

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Go get em!

Trump making stuff up again? (Reuters) - The Trump administration said Thursday it was issuing a 45-day extension allowing U.S. companies to continue doing some business with China’s Huawei Technologies Co Ltd.

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