Huawei Charged By US Authorities With Conspiracy To Steal State Secrets, Racketeering

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Chinese telecommunications giant Huawei Technologies Ltd. has been charged with conspiracy for racketeering and stealing trade secrets in the United States.

What Happened

The Department of Justice announced Thursday that a 16-count superseding indictment was returned by the US District Court for the Eastern District of New York a day earlier that charged Huawei along with two subsidiaries for conspiracy to violate the Racketeer Influenced and Corrupt Organizations Act (RICO).

The companies have also been indicted on charges of conspiracy to steal trade secrets, "stemming from the China-based company's alleged long-running practice of using fraud and deception to misappropriate sophisticated technology from U.S. counterparts," the justice department said.

The superseding indictment also includes the 13 charges, including committing bank and wire fraud, and violating U.S. sanctions on Iran, announced in January last year.

Huawei and its subsidiaries, …

Full story available on Benzinga.com

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