US Hits Huawei With New Charges of Trade Secret Theft

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Washington: Chinese telecommunications giant Huawei is facing US federal charges over what prosecutors call a decades-long conspiracy to steal trade secrets.

On Thursday, the Department of Justice filed a 16 count indictment against Huawei that included charges under the Racketeer Influenced and Corrupt Organizations Act (RICO). The indictment alleges that as long ago as 2000, Huawei stole trade secrets from at least six US companies.

The new filing incorporates charges from an earlier indictment, released last year, alleging that Huawei misled banking partners about violations of US sanctions against Iran and that the company stole trade secrets from T-Mobile.

The firm, one of the world’s biggest smartphone makers, said the US is targeting it because its expansion is a threat to American business interests.

Huawei CFO Meng Wanzhou, the daughter of the company’s founder Ren Zhengfei, was arrested in Canada on those charges in late 2018. She is still in Canada under house arrest while fighting extradition to the US. The new indictment alleges that in addition to Iran, Huawei sold equipment to North Korea.

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