Huawei accused of stealing trade secrets

It’s not a great week for Chinese telco Huawei. US. prosecutors accused Huawei of stealing trade secrets and helping Iran track protesters in its latest indictment against the Chinese company, escalating the U.S. battle with the world’s largest telecommunications equipment maker.

The indictment was “part of an attempt to irrevocably damage Huawei’s reputation and its business for reasons related to competition rather than law enforcement,” said a Huawei spokesperson. 

It called the racketeering accusation “nothing more than a contrived repackaging of a handful of civil allegations that are almost 20 years old.” 

The new indictment is the latest effort in a global campaign by the United States against the company, which Washington has warned could spy on customers for Beijing. The United States also placed Huawei on a trade blacklist last year, citing national security concerns. 

“The indictment paints a damning portrait of an illegitimate organization that lacks any regard for the law,” U.S. Senate Intelligence Committee chairman Richard Burr and vice chairman Mark Warner said in a joint statement.

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