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Business Express

Huawei Hit With New Charges; CFO Named as Defendant

U.S. prosecutors have charged the Chinese tech big Huawei with racketeering and conspiracy to steal trade techniques.

The 3 new allegations, which incorporate to before expenses the firm engaged in bank fraud and violated U.S. sanctions in opposition to Iran, have been unsealed Thursday by a U.S. District Courtroom in New York.

Prosecutors cited Huawei’s, “long-running practice of making use of fraud and deception to misappropriate advanced technological know-how from U.S. counterparts.”

Huawei Chief Money Officer Meng Wanzhou, the daughter of Huawei founder Ren Zhengfei, is named as a defendant in the circumstance. Canada is analyzing regardless of whether to

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Business Express

U.S. Officials Say Huawei Can Covertly Access Telecom Networks

U.S. officials say Huawei Systems Co. can covertly entry cell-mobile phone networks all around the world by way of “back doors” developed for use by law enforcement, as Washington tries to persuade allies to exclude the Chinese firm from their networks.

Intelligence demonstrates Huawei has experienced this magic formula capacity for extra than a decade, U.S. officials stated. Huawei turned down the allegations.

The…

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