13-Count DOJ Indictment Charges Huawei, Its CFO With Bank Fraud, Conspiracy

Money laundering, obstruction of justice and conspiracy to violate U.S. economic sanctions against Iran are among charges against Huawei, two of its subsidiaries and Chief Financial Officer Meng Wanzhou in a 13-count indictment unsealed Monday in U.S. District Court in Brooklyn. Meng, arrested in early December in Vancouver and remaining in detention there, was charged with bank fraud, wire fraud, and conspiracy to commit bank and wire fraud. Meng’s possible extradition to the U.S. to face charges comes as senior Chinese officials travel to Washington this week for trade talks aimed at lifting tariffs on Chinese imports in return for Chinese concessions on allegedly unfair trade practices.