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The U.S. case against the chief financial officer of China’s Huawei Technologies, who was arrested in Canada last month, centers on the company’s suspected ties to two obscure companies. One is a telecom equipment seller that operated in Tehran; the other is that firm’s owner, a holding company registered in Mauritius. U.S. authorities allege CFO Meng Wanzhou deceived international banks into clearing transactions with Iran by claiming the two companies were independent of Huawei, when in fact Huawei controlled them. Huawei has maintained the two are independent: equipment seller Skycom Tech Co Ltd and shell company Canicula Holdings Ltd. But...

The detailed reason for this arrest has been revealed. Huawei CFO Wanzhou Meng is suspected of conspiracy to defraud multiple financial US institutions. The US Judiciary found that there was a company called Skycom that traded with Iran during 2011–2014 and Huawei was suspected to control the company Skycom at that time. So the accusation is about the old Iran sanctions 7 years ago. And you might wonder why someone brought this up at this particular time. There is something else that you need to know to understand this incident. Global 5G Battle 5G is the fifth generation of cellular...

U.S. lawmakers are pressing two top Chinese technology companies to disclose their inner workings in a probe into security threats to U.S. telecommunications. Closely held Huawei Technologies Co. Ltd. and ZTE Corp. were asked Tuesday by letter to document, among other things, their interactions with the Chinese Communist Party and advice given to them by five consultancies, including International Business Machines Corp, Accenture and PricewaterhouseCoopers (PwC). ZTE also was asked about its business in Iran. The investigation by the U.S. House of Representatives' Intelligence Committee reflects fears that booby-trapped technology could be supplied knowingly or unknowingly by the companies, which...

US Subpoenas Huawei Over Its Dealings in Iran and North Korea Paul Mozer Thursday, 2 Jun 2016 | 8:23 AM ET Huawei Technologies has become China’s most successful international technology company, in part by tapping markets as varied as Britain, India and Kenya. But it also moved into markets like Syria, where American officials have imposed limits on sales of technology that could be used to commit human rights abuses, and into Iran, where sanctions have only recently been eased. And its presence in such countries is now coming under greater scrutiny. The United States Commerce Department is demanding that...

Speculation for the swell in volume and plunge in futures included the news of the arrest of the CFO of the Chinese telecom company Huawei. Traders also speculated that the selling could be attributed to a large fund or funds liquidating a position.

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China tries to contain fallout from sanction-busting scandal Smartphone giant Huawei is the latest tech giant under investigation after ZTE ban By GORDON WATTS APRIL 26, 2018 8:46 PM (UTC+8) Cybersecurity, cutting-edge technology and chips. This curious mix has taken the trade row between China and the United States to a whole new level. Just days after telecom titan ZTE was hit by new US sanctions in the ongoing Iran and North Korea export scandal, smartphone giant Huawei faces similar accusations. At the heart of the dispute are US-made components, which are crucial to the operating systems in a range...

BERLIN--The U.S. National Security Agency allegedly spied on Chinese technology company Huawei Technologies Co. in early 2009 and targeted Chinese officials including former President Hu Jintao, according to German weekly news magazine Der Spiegel. The allegations were contained in pre-released extracts of an article from next week's edition, citing documents leaked by former NSA contractor Edward Snowden. Aside from Mr. Hu, other NSA targets in China included the Chinese Trade Ministry, the Foreign Ministry and unidentified banks, Der Spiegel reported. In the extracts, Der Spiegel didn't elaborate on the alleged spying on the officials. Referring to a top-secret NSA presentation,...

Huawei Technologies, the Chinese telecom giant banned from selling to U.S. government agencies due to its alleged ties to Chinese intelligence services, has turned the tables on its accusers by offering itself as a safe haven for customers concerned that the NSA has compromised their own IT vendors.“We have never been asked to provide access to our technology, or provide any data or information on any citizen or organization to any Government, or their agencies,” Huawei Deputy Chairman Ken Hu said in the introduction to a 52-page white paper on cybersecurity published Oct. 18. (Full report available here as a...

In recent years, concerns on national security have become an excuse some Western countries used to block Huawei's business expansion. The latest episode is some media reports on July 19, saying the US and the UK blamed Huawei for security issues again. In a statement for The Verge, a Manhattan-based technology news website, William Plummer, the vice president responsible for Huawei's external affairs demanded both countries "shut up" if they were unable to put up evidence. Despite of barriers, Huawei has left remarkable footprints on the way of its international development. In 2010, Huawei's nearly $21.8 billion in revenues made...

Chinese cyberwarfare would pose a "genuine risk" to the U.S. military in a conflict, for instance over Taiwan or disputes in the South China Sea, according to a report prepared for the U.S. Congress. Operations against computer networks have become fundamental to Beijing's military and national development strategies over the past decade, said the 136-page analysis by Northrop Grumman Corp released on Thursday by the U.S.-China Economic and Security Review Commission. Chinese commercial firms, bolstered by foreign partners, are giving the military access to cutting-edge research and technology, the analysis said. The Chinese military's close ties to large Chinese telecommunications...

A U.S. intelligence report for the first time links China’s largest telecommunications company to Beijing’s KGB-like intelligence service and says the company recently received nearly a quarter-billion dollars from the Chinese government. The disclosures are a setback for Huawei Technologies Co. Ltd.’s efforts to break into the U.S. telecommunications market. The company has been blocked from doing so three times by the U.S. government because of concerns about its links to the Chinese government. The report by the CIA-based Open Source Center states that Huawei’s chairwoman, Sun Yafang, worked for the Ministry of State Security (MSS) Communications Department before joining...

Fake microchips from China are causing a growing number of failures in military systems, according to an investigation by BusinessWeek magazine. The FBI is also investigating a consignment of Cisco-badged routers which turned out to be counterfeit - and could have been used to hack into sensitive equipment. The investigation found that the new tendency for the US Pentagon to buy equipment from off-the-shelf suppliers - some of them operating from residential addresses - has led to a fall in quality of supplied chips: Robert P. Ernst, who heads research into counterfeit parts for the Naval Air Systems Command's Aging...

BANGALORE, India — Chinese telecom equipment maker Huawei Technologies' expansion plans here have again drawn the attention of Indian security agencies. For the second time in the last five years, Indian security agencies have moved to slow Huawei's expansion plans out of concern for India’s strategic telecom network. In 2001, U.S. intelligence sources reportedly tipped off the Indian government about Huawei’s activities here. Huawei has been embroiled in several high-profile intellectual property disputes with telecom rivals in recent years. Indian authorities are also concerned about Chinese links to India's neighbor and long-time adversary Pakistan. According to a report in The...

Espionage: On Wednesday, news broke that Canadian authorities had arrested Meng Wanzhou, 46, the chief financial officer of mega-Chinese telecom Huawei, the largest in the world, as she was changing planes in Vancouver. As Fox Business reported, authorities picked her up “as part of a U.S. investigation into an alleged scheme by Huawei to use the global banking system to avoid American sanctions against Iran.” Meng, other reports noted, is the chief financial officer for the company, so on the surface at least, it makes sense that she would be targeted by authorities. Subsequent reporting noted that Weng was detained...

Treasonous: The Deep State continues to work against POTUS Donald Trump in every way possible, up to and including bringing the U.S. and China to the brink of a hot war. Earlier this week, POTUS Trump and Chinese President Xi Jinping dined together at the G-20 summit in Buenos Aires, Argentina. The primary subject: Trade. Following the dinner, both sides announced some progress. The U.S. and Chinese governments would suspend tariff regimes for 90 days while trade negotiators from both countries attempted to work out a more permanent compromise. Making trade fairer between the U.S. and China is a central...

President Trump was not aware of the unusual arrest of a major Chinese technology executive when he sat down to dinner recently with Chinese President Xi Jinping, according to White House economic adviser Larry Kudlow. Huawei Technologies Chief Financial Officer Meng Wanzhou was arrested in Canada on Dec. 1 on a U.S. extradition warrant. Huawei is suspected of evading American sanctions on Iran, a possibility that U.S. prosecutors have been investigating since 2016. The arrest was made on the same day that Trump and Xi met for dinner amid high-level trade and national security talks in Buenos Aires. An unnamed...

Meng Wanzhou is being held in Canada at U.S. request to be extradited, face allegations she violated sanctions on dealing with Iran BEIJING—China issued an ultimatum to Canada, demanding the immediate release of Huawei Technologies Co.’s finance chief or face unspecified “severe consequences.” Chinese Vice Foreign Minister Le Yucheng summoned Canada’s ambassador to Beijing, John McCallum, on Saturday to deliver the warning, according to a statement from the Chinese Foreign Ministry.

Canadian Prosecutor: U.S. Concerned Over Huawei’s Connection to Iran Through Skycom *U.S Alleges Huawei’s CFO Hid from Financial Institutions That Skycom Was Part of Huawei -- Canadian Prosecutor *Canadian Prosecutor Says Deceiving Banks Over Huawei-Skycom Ties Was ‘Crux’ of Alleged Fraud *Canadian Prosecutor’s Comments Come at Bail Hearing in Canadian Court for Huawei CFO *Canadian Prosecutor Says Huawei CFO is Flight Risk If Granted Bail, Given Family Wealth MORE TO COME

The detention in Canada of Meng Wanzhou, Huawei’s CFO and the daughter of its founder, is further inflaming tensions between the US and China. Her arrest is linked to a US extradition request on undisclosed charges, but China says it’s a human rights violation and is demanding her swift release. Behind this very public drama is a long-running, behind-the-scenes one centered on western intelligence agencies’ fears that Huawei poses a significant threat to global security. Among the spooks’ biggest concerns are: There could be “kill switches” in Huawei equipment… The Chinese firm is the world’s largest manufacturer of things like...