Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Huawei pleads not guilty to U.S. charges in New York court

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/14/2019 | 11:32am EDT
Assistant U.S. Attorney Kessler and lawyers for Huawei Technologies Co Ltd, Cole, Bitkower and Levy listen to Judge Reyes at they plead not guilty to a 13-count indictment against the world's largest telecommunications equipment maker, in New York

(Reuters) - China's Huawei Technologies Co Ltd on Thursday pleaded not guilty to a 13-count indictment filed in a New York federal court against the company, as tensions have ratcheted up between the U.S. and Beijing.

Huawei, the world's largest telecommunications equipment maker, was charged with bank and wire fraud, violating sanctions against Iran and obstructing justice.

The company's chief financial officer, Meng Wanzhou, was arrested in December in Canada on charges in the indictment, which was not unsealed until January. She has said she is innocent of the charges and is fighting extradition.

At the arraignment in U.S. District Court in Brooklyn, James Cole, a U.S. lawyer for Huawei, entered the plea on behalf of the company and its U.S. subsidiary.

Meng and Huawei are accused of conspiring to defraud HSBC and other banks by misrepresenting Huawei’s relationship with Skycom Tech Co Ltd, a suspected front company that operated in Iran.

Huawei has said Skycom was a local business partner, while the United States maintains it was an unofficial subsidiary used to conceal Huawei’s Iran business.

Assistant U.S. Attorney David Kessler said at the arraignment that prosecutors were in the process of serving Skycom with the charges, and that the company was not yet scheduled for an arraignment.

U.S. authorities claim Huawei used Skycom to obtain embargoed U.S. goods, technology and services in Iran, and to move money via the international banking system.

Reuters exclusively reported last month on how an internal HSBC probe helped lead to the U.S. charges against Huawei and its CFO.

Last week, Reuters also detailed how U.S. authorities secretly tracked Huawei's activities, including by collecting information copied from electronic devices carried by Chinese telecom executives traveling through airports.

The indictment references reporting by Reuters from six years ago that Skycom offered to sell embargoed Hewlett-Packard computer equipment to Iran's largest mobile phone operator. The reporting detailed links between Huawei and Skycom, including that Meng had served on Skycom’s board of directors between February 2008 and April 2009. reut.rs/2sUq8RT

Trump told Reuters in December that he would intervene in the case if it would help secure a trade deal with Beijing. Meng's lawyers have expressed concerns that she is a pawn or hostage and that the allegations have "a political character."

The next court date is set for April 4.

(Reporting By Brendan Pierson and Karen Freifeld in New York; Editing by Chizu Nomiyama and Susan Thomas)

By Karen Freifeld and Brendan Pierson

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
07:53pBILL CASSIDY : Cassidy, Colleagues Introduce Bill to Ensure Reliable, Affordable and Environmentally-Sound Energy Supply
PU
07:49pJapan's April core consumer inflation ticks up, BOJ's price goal stays distant
RE
07:25pSimpleNexus Takes Home Silver Telly Award for Campaign Encouraging Mortgage Originators to ‘Do More’
SE
07:18pWORLD BANK : Fourth World Reconstruction Conference Pledges to "Leave No One Behind"
PU
07:18pSHELDON WHITEHOUSE : Whitehouse, Reed, Sullivan Introduce Bipartisan Bill to Improve Military's Energy Security
PU
06:28pWORLD BANK : Georgia Energy Supply Reliability and Financial Recovery Project
PU
06:28pWORLD BANK : US$15 Million to Scale Up Municipal Services for Palestinians in Gaza
PU
06:25pKlemchuk LLP Participates in Carry the Load 2019
SE
06:11pEXCLUSIVE : Canada's Conservative leader to drop pledge to balance budget in two years
RE
06:11pTrump says 'dangerous' Huawei could be included in U.S.-China trade deal
RE
Latest news "Economy & Forex"
Advertisement