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US charges China's Huawei with bank fraud, stealing trade secrets

Updated : January 29, 2019 06:51 AM IST

In a 13-count indictment filed in New York, the Justice Department said Huawei misled a global bank and US authorities about its relationship with the subsidiaries, Skycom Tech and Huawei Device USA Inc, in order to conduct business in Iran.
T-Mobile had accused Huawei of stealing the technology, called "Tappy," which mimicked human fingers and was used to test smartphones. Huawei has said that the two companies settled their disputes in 2017.
The Trump administration is trying to prevent American companies from buying Huawei routers and switches and pressing allies to do the same.
US charges China's Huawei with bank fraud, stealing trade secrets

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