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Shenzhen's Huawei pleads not guilty to US fraud charges in Iran deal

SHENZHEN's Huawei Electronics pleaded not guilty in US District Court in Brooklyn, New York, to a 13-count indictment that alleged the world's largest telecom equipment maker defrauded US banks by concealing business deals with Iran in violation of US sanctions, said Hong Kong's South China Morning Post

Shenzhen's Huawei pleads not guilty to US fraud charges in Iran deal

SHENZHEN's Huawei Electronics pleaded not guilty in US District Court in Brooklyn, New York, to a 13-count indictment that alleged the world's largest telecom equipment maker defrauded US banks by concealing business deals with Iran in violation of US sanctions, said Hong Kong's South China Morning Post

18 March 2019 - 19:00

SHENZHEN's Huawei Electronics pleaded not guilty in US District Court in Brooklyn, New York, to a 13-count indictment that alleged the world's largest telecom equipment maker defrauded US banks by concealing business deals with Iran in violation of US sanctions, said Hong Kong's South China Morning Post.

James Cole, a US lawyer for Huawei, entered the plea on behalf of the company and its US subsidiary at an arraignment to defend Huawei against bank and wire fraud charges.



Multiple charges were announced against Huawei, Meng Wanzhou and affiliated companies. A federal grand jury charged Huawei and Meng with money laundering, bank fraud, wire fraud and conspiracy.



A separate indictment from Washington State accused Huawei, Skycom and Meng of stealing trade secrets from the telecommunications company T-mobile. Charges stemmed from a civil lawsuit filed by T-mobile USA in 2014 over a robot used to test smartphones.


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