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Huawei pleads not guilty to racketeering
Huawei Technologies Co. pleaded not guilty Wednesday to racketeering charges filed last month by U.S. prosecutors who accused the Chinese telecommunications equipment giant of a 20-year pattern of corporate espionage.
The company had called the charges “unfounded and unfair” prior to entering its plea Wednesday in federal court in Brooklyn, New York.
Huawei and Chief Financial Officer Meng Wanzhou already were facing charges that they evaded U.S. sanctions on Iran and lied to American authorities. Prosecutors in February unveiled a revised indictment that seeks a stiff punishment under federal racketeering law for the company’s alleged conspiracy to steal intellectual property from a half dozen U.S. firms over the years.
[Bloomberg]
Huawei Technologies Co. pleaded not guilty Wednesday to racketeering charges filed last month by U.S. prosecutors who accused the Chinese telecommunications equipment giant of a 20-year pattern of corporate espionage.
The company had called the charges “unfounded and unfair” prior to entering its plea Wednesday in federal court in Brooklyn, New York.
Huawei and Chief Financial Officer Meng Wanzhou already were facing charges that they evaded U.S. sanctions on Iran and lied to American authorities. Prosecutors in February unveiled a revised indictment that seeks a stiff punishment under federal racketeering law for the company’s alleged conspiracy to steal intellectual property from a half dozen U.S. firms over the years.
[Bloomberg]
