Chinese telecoms giant Huawei charged in New York with money laundering, bank fraud, wire fraud, conspiracy, and conspiring to obstruct justice.
In January 2019, the U.S. Department of Justice charged Chinese telecommunications giant Huawei with financial fraud, bank fraud, wire fraud and conspiracy. According to the 13-count indictment, Huawei CFO, Meng Wanzhou was charged with committing wire fraud and other violations of the International Emergency Economic Powers Act (IEEPA), thereby contravening U.S. trade sanctions against Iran. The charges accused Huawei for engaging in a decade-long fraudulent financial scheme through a subsidiary from Iran, called Skycom. The investigators claimed that when finding about the investigation, Huawei tried to “move witnesses with knowledge about Huawei’s Iran-based business to the PRC.” As part of the proceedings, Huawei’s chief financial officer was arrested in Canada in December 2018 at the request of the United States. Under PRC law, Huawei is obligated to participate in national intelligence work, has been credibly accused of cooperation with PRC intelligence agencies, and is owned ultimately by a trade union entity likely controlled by the CCP.

About This Incident

Threat Actors: China

Incident Metadata

Date: 28 January 2019
Country: United States
Source: Source Source 2