According to the BBC, the US Department of Justice (USDOJ) has filed criminal charges against Chinese telecommunication giant Huawei and its chief financial officer, Meng Wanzhou.
The indictment alleges Huawei misrepresented its relationship with the US and a global bank to conduct business with Iran. US companies are currently not allowed to conduct business with Iran due to sanctions.
The other indictment claims Huawei stole technology from T-Mobile, obstructing justice and committing wire fraud. The USDOJ filed a combined 23 charges against Huawei.
Who is Huawei?
Huawei is the second largest smartphone manufacturer by volume (first is Samsung followed by Apple at number 3).
Who is Meng Wanzhou?
She is the daughter of Huawei’s founder.
Will post more news as it becomes available.
If you or your company is interested in avoiding sanctions violations for doing business with Iran, Syria, North Korea, Sudan or Cuba, give experienced export compliance attorney, David Hsu a call at 832-896-6288 or by email at email@example.com.