United States charges Huawei with stealing trade secrets and violating sanctions

Banning Huawei could damage 5G development

In a 13-count indictment, the Justice Department said Huawei misled a global bank and US authorities about its relationship with the subsidiaries, Skycom Tech and Huawei Device USA Inc, in order to conduct business in Iran.

The U.S. Department of Justice is formally levelling 23 criminal charges against Chinese tech juggernaut Huawei Technologies, multiple subsidiaries and chief financial officer Meng Wanzhou.

Her case has sparked a major crisis between Ottawa and Beijing, with Washington in the middle.

The federal crimes are linked to a 2013 incident in which Huawei allegedly stole trade secrets about a robot named "Tappy" that was built by T-Mobile and used in testing smartphones.

Whitaker said the criminal offending at Huawei went "all the way to the top of the company".

Huawei officials also provided assurances to the US Congress that its business didn't run afoul of any US law pertaining to Iran.

"As you can tell from the number of and magnitude of charges, Huawei and its senior executives repeatedly refused to respect the laws of the United States and the standard worldwide business practices". "I'd also like to thank our law enforcement partners in Canada for their continued and invaluable assistance to the United States in law enforcement matters like this one".

Acting US Attorney General Matthew Whitaker said the extradition request would be sent by a January 30 deadline.

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Matthew Whitaker, the acting attorney general, said grand juries in Seattle and NY had indicted Huawei, its affiliates and its chief financial officer on 23 criminal charges.

A hearing is set for February 6.

"The vast influence the Chinese government hold towards Chinese companies is a tremendous threat to the US".

The United States Department of Justice-as expected-has announced it plans to seek extradition of arrested Huawei CFO Meng Wanzhou, now held in Vancouver. Apart from the trade dispute, the US and China are competing for control over 5G infrastructure, which both countries believe is key to their economic and military success.

That plot appeared to thicken Monday when, less than an hour before the Department of Justice news conference was to begin, the White House announced that its team of high-level economic advisers would meet a delegation from China on Wednesday for two days of trade talks.

Chinese foreign ministry spokesman Geng Shuang reiterated China's call for Canada to "make the correct choice" and release Meng so she could return to China.

A B.C. court will determine whether she will be extradited. That order could come as early as next month, two officials said. Meng has said that she is innocent.

Shortly afterwards, in a move widely seen as retaliation for Meng's arrest, Chinese authorities detained two Canadians, including a former diplomat, on security charges.

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