Huawei heads to trial in US over its business dealings in Iran
NEW YORK: Eight years after US prosecutors secretly charged China's Huawei Technologies with defrauding HSBC and other banks over its business with Iran, the case is finally heading for trial.
In a long-awaited trial, Huawei Technologies faces charges in the United States for its business dealings with Iran, as well as allegations of stealing trade secrets from five American tech companies and lying about its activities in North Korea. Jury selection is set to begin on Tuesday in a federal court in Brooklyn, New York.
The trial will mark the conclusion of one of the earliest and most closely monitored confrontations between the US government and a Chinese company, while the escalating tech rivalry between the two nations looms in the background. The charges date back to 2018, when Huawei CFO Meng Wanzhou was arrested in Vancouver, sparking a diplomatic crisis involving the US, China, and Canada.
If convicted, Huawei could face the forfeiture of property or proceeds obtained from its illegal activities.
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