Published 9 hours ago • loading... • Updated 51 minutes ago
China's Huawei Technologies Faces Racketeering Trial in New York
U.S. prosecutors say the company used a shell firm to sell equipment to Iran and expand a sanctions-violating business network.
Jury selection begins Tuesday in New York for Huawei Technologies' criminal racketeering trial over charges of stealing U.S. trade secrets, wire fraud, and bank fraud.
The U.S. initiated charges in early 2019, alleging Huawei used a Hong Kong shell company, Skycom, to sell equipment to Iran in violation of sanctions.
Chief financial officer Meng Wanzhou faced fraud charges for allegedly misleading HSBC about Huawei's Iran dealings; she was arrested in Canada in 2018 and returned to China in 2021.
Huawei's lawyers argued the case should be dismissed, claiming allegations are "impermissibly extraterritorial," while Chinese officials accused the U.S. of "economic bullying" and misusing national security as a pretext.
Facing bans from U.S. carriers, Huawei has struggled under sanctions limiting access to processor chips, though the company recently expanded into chipmaking to meet artificial intelligence demand.
US sanctions, the indictment and Huawei's positions - The trial's role is crucial ahead of Xi Jinping's visit to the US
The post Espionage, "robot in the bag" and violation of sanctions - Huawei trial begins appeared first on in.gr.