U.S. Accused Huawei for Iran Sanction Violations

On Monday, the United States Justice Department has announced criminal charges against Huawei Technologies and its CFO Meng Wanzhou. The U.S. has accused Huawei with bank fraud, violating U.S. sanctions, and thieving technology. Meng Wanzhou and Huawei were found conspiring to obstruct U.S. sanctions on Iran by initiating business with Tehran via a subsidiary, media reported back in 2012. In another case, the U.S. Justice Department had alleged Huawei for stealing robotic technology from T-Mobile US Inc. Huawei retorted the allegation and said that both the companies had resolved the issue in 2017.

On 1st December, Canadian authorities arrested Meng Wanzhou in Vancouver. Inevitably, China also arrested two Canadians for an attempt to harm national security.As per informed by British Columbia Supreme Court, Meng will be appeared in Canadian Court to converse about her bail terms, as she is being monitored bail and seeking the bail. Media recently reported that Canada has received a formal extradition application from the U.S. Justice Department.

According to Chinese Foreign Ministry, the arrest of Huawei CFO is an attempt of an unreasonable clampdown of Chinese firms. The ministry also urged the U.S. to discard the arrest warrant, which has raised great concerns in the Chinese tech industry.Huawei has refused to comment on accusations made against it.

U.S. legislation has accused Meng of leading the conspiring event that used a subsidiary to initiate business with Iran by violating the U.S. sanctions against Tehran. While Meng is affirming that she is innocent. As per Canada’s juridical process, the Justice Minister needs to decide whether to issue an authority in 30 days after receiving an extradition request. It the Justice Minister agreed to proceed, the case will be deliver to the British Columbia Supreme Court for hearing.

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Joseph is the co-founder of News Earlier. He is working extensively in gathering business related news.

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