Huawei accused of 23 Crimes including Money Laundering

According to the FBI, the world’s largest telecommunications equipment manufacturer Huawei paid employees bonuses for stolen information.

The US Justice Department has charged China’s Huawei with 23 crimes, including conspiracy to commit money laundering, theft of trade secrets and obstruction of justice.

In two indictments, the Justice Department said that Huawei and its CFO Meng Wanzhou had conspired to violate sanctions on Iran via a subsidiary. Also, the company was charged with stealing technology from T-Mobile.

As part of its investigation, FBI obtained emails dated July 2013 where company offered bonuses to employees based on the value of information they stole from other companies around the world, and could provide to Huawei via encrypted email.

FBI Director Chris Wray said: “Today should serve as a warning that we will not tolerate businesses that violate our laws, obstruct justice, or jeopardize national and economic well-being.”

 

Huawei denies that having committed any of the asserted violations.

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