sanctions
If Convicted, Huawei Faces Bigger Problems than Fines
CHINESE TELECOM GIANT Huawei could face millions in fines if convicted of all charges in two indictments unsealed by the US Department of Justice Monday. But the money is likely the least of Huawei’s worries. The first indictment accuses Huawei and its executives, including CFO Meng Wanzhou, of crimes including bank fraud, wire fraud, money […]
Here’s what happens next in the Huawei CFO case
The Huawei sanctions fraud case rattled markets, stunned the tech world and put U.S. agencies on the spot. All three will be monitoring the next several weeks to see what’s next. Huawei is one of China’s largest companies and is the second largest producer of mobile phones in the world. On Dec. 1, police in Vancouver arrested Huawei CFO […]