America launches a criminal case accusing Huawei of misleading banks

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Huawei was charged in 2018 with bank fraud and misleading c about its business in Iran, which is subject to US sanctions.

The US Department of Justice filed a criminal complaint filed a long time ago, accusing a company Huawei China Tech misled banks about its business in Iran and will be brought to court in January 2026, it was reported. Reuters”.

“Settlement discussions have ended in an impasse,” Alexander Solomon, a senior Justice Department official, told a US judge in New York. “We believe it would be wise to set a trial date.”

The judge said she thought it would be a good idea for the trial to start at the beginning of January 2026.

Meng Wanzhou, Huawei’s chief financial officer, was arrested in Vancouver, Canada under a US arrest warrant based on an indictment, which led to tense relations between the United States and China in 2018.

The charges against Meng, the daughter of the company’s founder, were dropped as part of the 2021 agreement.

Solomon explained that prosecutors expect the trial to last between four and six months.

Huawei was accused in 2018 of bank fraud and misleading HSBC and other banks about its business in Iran, which is subject to US sanctions.

In 2020, the Justice Department added additional charges to the case, including that Huawei conspired to steal trade secrets from six US technology companies and helped Iran track down anti-government protesters in 2009.

Since 2019, the United States has restricted Huawei’s access to American technology, accusing the company of engaging in activities that harm American national security, which Huawei denies.