Monday, January 28, 2019

Huawei and its CFO Wanzhou Ming charged with financial crimes by US Justice Department

Things have gone from bad to worse for Huawei after its CFO was detained by Canadian authorities last month. US authorities have unsealed a 13-count indictment charging Huawei, two subsidiaries, and CFO Wanzhou Meng with an array of financial crimes including wire fraud and conspiracy to commit money laundering.

According to the Justice Department, the charges stem from a multi-year scheme by Huawei to hide business activities in Iran from international financial authorities and the US government.

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Huawei and its CFO Wanzhou Ming charged with financial crimes by US Justice Department was written by the awesome team at Android Police.



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