The Justice Department yesterday announced criminal charges against Huawei Technologies, the world’s largest communications equipment manufacturer, and one of its top executives — a move likely to intensify trade tensions between the U.S. and China, the Washington Post reported. A 13-count indictment filed in New York City against Huawei, two affiliates and its chief financial officer, Meng Wanzhou, details allegations of bank and wire fraud. The company also is charged with violating U.S. sanctions on Iran and conspiring to obstruct justice related to the investigation. Canadian officials arrested Meng on a U.S. warrant Dec. 1. She has since been released on bail, and her travel is confined to Vancouver and surrounding areas. Meng could face up to 30 years if found guilty on all counts.
