: US prosecutors have added trade secret theft charges to their bank fraud case against Chinese smartphone maker Huawei, further escalating the US battle with the world's largest telecommunications equipment maker.
"The indictment paints a damning portrait of an illegitimate organisation that lacks any regard for the law," US Senate Intelligence Committee chairman Richard Burr and vice chairman Mark Warner said in a joint statement.The Republican and Democratic Senators called it "an important step in combating Huawei's state-directed and criminal enterprise".
In the earlier indictment, Meng and Huawei are accused of conspiring to defraud HSBC and other banks by misrepresenting Huawei's relationship with a company that operated in Iran.The new trade secret theft charges relate to internet router source code, cellular antenna technology, and robotics.
Huawei is also accused of recruiting employees from other companies, making efforts to get intellectual property from those companies, and using professors at research institutions to obtain technology.
Source: News Formal (newsformal.com)
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