Huawei: US Issues New Charges of Racketeering And Theft
It adds to a list of other charges brought by the US last year.
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.
Meng Wanzhou, its chief financial officer and the daughter of the company’s founder, is still being held in Canada where she is fighting extradition to the US.
She is wanted there on charges of fraud and sanctions violations – claims she denies.
Meng Wanzhou was arrested during a layover in Vancouver in 2018
“This new indictment is part of the Justice Department’s attempt to irrevocably damage Huawei’s reputation and its business for reasons related to competition rather than law enforcement,” the company said.
Prosecutors also said Huawei offered bonuses to staff who obtained “confidential information” from its competitors.
“As a consequence of its campaign to steal this technology and intellectual property, Huawei was able to drastically cut its research and development costs and associated delays, giving the company a significant and unfair competitive advantage,” prosecutors said.
Huawei said the new charges are a “contrived repackaging” of claims that have already been litigated in civil court.
“The government will not prevail on these charges which we will prove to be both unfounded and unfair,” the company said.
The new charges, filed in federal court in Brooklyn on Thursday, suggest the US is not backing away from its fight over Huawei, which has added to tensions between the US and China, and complicated American relationships with allies.
Despite the pressure, the UK last month announced it would continue using Huawei technology in its growing 5G networks, but with restrictions.