January 29, 2019 | Investopaper
Huawei has denied the criminal charges that were filed against them by the US. The US has charged a total of 23 cases against the Chinese telecoms and its CFO, Meng Wanzhou, who was arrested in Canada last year.
The statement from the company said, “The company denies that it or its subsidiary or affiliate have committed any of the asserted violations of US law set forth in each of the asserted violations.” Also, the Chinese industry ministry said that the charges on the telecom company were unfair and immoral.
The charges were disclosed by the US Justice Department on Monday in two cases which is likely to heat up the ongoing trade tensions between the country. The charges against the company are related to violating US sanctions on Iran as well as against stealing robot technology from T Mobile. The US has also requested for the extradition of Huawei CFO, Meng Wanzhou.