US expands lawsuit against Huawei with charges of theft & racketeering

By Akshay Kedari  Date: 2020-02-15

US expands lawsuit against Huawei with charges of theft & racketeering

The United States Department of Justice has recently expanded its lawsuit against Huawei, a Chinese multinational tech company. The new charges against the company alleged activities carried out by Huawei such as violating partnership terms with U.S. companies and stealing trade secrets such as source code and robot technology from half a dozen of rival competitors in America.

The Justice Department also alleged that the company helped Iran track protesters during anti-government demonstrations in Tehran, by providing surveillance equipment in 2009. The lawsuit also claims that the company sought to hide its business practices in North Korea despite economic sanctions in the region.

According to the latest indictment, the company was charged for plotting to steal intellectual property by hiring employees from rival companies, along with incentives provided to employees who brought in stolen business information, which include user manuals as well as robot testing technology and antenna, with an aim to save R&D costs.

For instance, the company’s engineer reportedly removed a robot arm from a rival company’s laboratory, clicked pictures and sent the measurement records to Huawei before the arm had been returned. Apart from these, the company is already facing a criminal case in New York, based on the   company alleged attempts to conceal all business dealings with North Korea and Iran by referring to the countries by code names in their internal documents.

Additionally, Meng Wanzhou, CFO and the daughter of Huawei’s founder, is being held in Vancouver, British Columbia, charged with supplying false information to banks regarding the company’s affiliations in Iran.

The Chinese tech giant has said that the allegations were made without merits accusing the US administration of economic e-bullying, for irrevocably hurting the company’s reputation. The Trump administration is working to isolate the company from expanding its foothold in the U.S. as well as globally. Citing national security concerns, the U.S. has been forming Western allies to bar the company from utilizing high-speed Internet networks across various locations worldwide.

Source credit:

https://apnews.com/afef0950754963939cb617cc4436ea1c

About Author

Akshay Kedari     aeresearch.net

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More

More News By Akshay Kedari

Tiger Global looking to raise USD 10 billion to create new venture fund

Tiger Global looking to raise USD 10 billion to create new venture fund

By Akshay Kedari

American investment firm Tiger Global is reportedly looking to create a capital fund for startups by securing USD 10 billion from investors. So far, the company has participated in over 100 investment rounds since the past three months and has manage...

Urban Company secures USD 190 million in funding round led by Prosus

Urban Company secures USD 190 million in funding round led by Prosus

By Akshay Kedari

Urban Company, an Indian gig marketplace that provides home maintenance services, has secured USD 190 million in a funding round which was led by Prosus N.V. Other participants in the fundraising included companies such as Steadview Capital, Tiger Gl...

Samsung might launch a foldable Android tablet in first quarter of 2022

Samsung might launch a foldable Android tablet in first quarter of 2022

By Akshay Kedari

After introducing three foldable smartphones in the past couple of years, South Korean multinational conglomerate Samsung Electronics is reportedly working on its first tri-folding Android tablet. According to reliable sources, the new product is lik...

Remote hiring startup Deel secures USD 156 million in Series C funding

Remote hiring startup Deel secures USD 156 million in Series C funding

By Akshay Kedari

Deel, a company that specializes in offering recruitment, payroll, and compliance tools, has reportedly secured USD 156 million during a Series C funding round which was led by YC Continuity Fund. The California-based startup has now reached a valuat...

Audi unveils the A6 e-Tron concept with 700 km range and 800 Nm torque

Audi unveils the A6 e-Tron concept with 700 km range and 800 Nm torque

By Akshay Kedari

Audi AG, a German multinational auto manufacturer of luxury vehicles has unveiled the A6 e-Tron concept which is soon likely to be made available globally. The production version which is expected to have a range of 700 km (more than 400 miles) is to...